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by abustamam
54 days ago
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As a millennial, I apologize for the blame and hate the boomer generation gets. But I think it's important to understand why the hate exists. Many boomers grew up in an era where even if you dropped out of high school and waited tables full time for a few years, you'd be able to afford to buy a house and start a family by age 25. Sure, interest rates were 20%, but the price of a house was often just 2-3x someone's annual salary (single earner). Now the price of a house is often 4-5x a households annual salary. Boomers also had access to stuff like pensions. I think boomers wouldn't get hate if it weren't a trope for them to say that the millennial generation is lazy, entitled, etc. When milennials have to be extraordinary in order to live what used to be an ordinary life (3 bedroom house, 2 kids). |
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If I refinanced now, I probably couldn't afford my own home.