▲ 44 ▼ Baby boomers are becoming homeless at a rate not seen since the Great Depression (moneywise.com) submitted 3 years ago by bot@lemmy.smeargle.fans [M, B] to c/hackernews@lemmy.smeargle.fans 10 comments fedilink hide all child comments HN Discussion
[+] abort_christian_babies@lemmy.world 25 points 3 years ago* (last edited 2 years ago) (7 children) [deleted] permalink fedilink source hideshow 7 child comments replies: [+] Rapidcreek@reddthat.com -7 points 3 years ago (6 children) I'm sure boomers have complete control of the real estate market for those that evidently know nothing about it. permalink fedilink source parent hideshow 6 child comments replies: [–] Skyrmir@lemmy.world 18 points 3 years ago (5 children) As a political block, they've had control of our housing market for around 40 years now. The changes they made, and problems they ignored, for those decades have caused the problems we have today. permalink fedilink source parent hideshow 5 child comments replies: [–] Rapidcreek@reddthat.com -5 points 3 years ago (4 children) Most real estate conglomerates are run by 30-40 year old MBAs looking for return on investments so they can get a big bonus. They set the market. They are not boomers. permalink fedilink source parent hideshow 4 child comments replies: [–] Skyrmir@lemmy.world 16 points 3 years ago (3 children) Those kids are playing in the market the Boomers created and set the rules for, before they were ever born. permalink fedilink source parent hideshow 3 child comments replies: [+] Rapidcreek@reddthat.com -7 points 3 years ago (2 children) Those rules were set before the Boomers were born too. permalink fedilink source parent hideshow 2 child comments replies: [–] gravitas_deficiency@sh.itjust.works 6 points 3 years ago (1 child) That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing. permalink fedilink source parent hideshow 1 child comment replies: [–] Rapidcreek@reddthat.com -2 points 3 years ago The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change. permalink fedilink source parent
[+] Rapidcreek@reddthat.com -7 points 3 years ago (6 children) I'm sure boomers have complete control of the real estate market for those that evidently know nothing about it. permalink fedilink source parent hideshow 6 child comments replies: [–] Skyrmir@lemmy.world 18 points 3 years ago (5 children) As a political block, they've had control of our housing market for around 40 years now. The changes they made, and problems they ignored, for those decades have caused the problems we have today. permalink fedilink source parent hideshow 5 child comments replies: [–] Rapidcreek@reddthat.com -5 points 3 years ago (4 children) Most real estate conglomerates are run by 30-40 year old MBAs looking for return on investments so they can get a big bonus. They set the market. They are not boomers. permalink fedilink source parent hideshow 4 child comments replies: [–] Skyrmir@lemmy.world 16 points 3 years ago (3 children) Those kids are playing in the market the Boomers created and set the rules for, before they were ever born. permalink fedilink source parent hideshow 3 child comments replies: [+] Rapidcreek@reddthat.com -7 points 3 years ago (2 children) Those rules were set before the Boomers were born too. permalink fedilink source parent hideshow 2 child comments replies: [–] gravitas_deficiency@sh.itjust.works 6 points 3 years ago (1 child) That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing. permalink fedilink source parent hideshow 1 child comment replies: [–] Rapidcreek@reddthat.com -2 points 3 years ago The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change. permalink fedilink source parent
[–] Skyrmir@lemmy.world 18 points 3 years ago (5 children) As a political block, they've had control of our housing market for around 40 years now. The changes they made, and problems they ignored, for those decades have caused the problems we have today. permalink fedilink source parent hideshow 5 child comments replies: [–] Rapidcreek@reddthat.com -5 points 3 years ago (4 children) Most real estate conglomerates are run by 30-40 year old MBAs looking for return on investments so they can get a big bonus. They set the market. They are not boomers. permalink fedilink source parent hideshow 4 child comments replies: [–] Skyrmir@lemmy.world 16 points 3 years ago (3 children) Those kids are playing in the market the Boomers created and set the rules for, before they were ever born. permalink fedilink source parent hideshow 3 child comments replies: [+] Rapidcreek@reddthat.com -7 points 3 years ago (2 children) Those rules were set before the Boomers were born too. permalink fedilink source parent hideshow 2 child comments replies: [–] gravitas_deficiency@sh.itjust.works 6 points 3 years ago (1 child) That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing. permalink fedilink source parent hideshow 1 child comment replies: [–] Rapidcreek@reddthat.com -2 points 3 years ago The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change. permalink fedilink source parent
[–] Rapidcreek@reddthat.com -5 points 3 years ago (4 children) Most real estate conglomerates are run by 30-40 year old MBAs looking for return on investments so they can get a big bonus. They set the market. They are not boomers. permalink fedilink source parent hideshow 4 child comments replies: [–] Skyrmir@lemmy.world 16 points 3 years ago (3 children) Those kids are playing in the market the Boomers created and set the rules for, before they were ever born. permalink fedilink source parent hideshow 3 child comments replies: [+] Rapidcreek@reddthat.com -7 points 3 years ago (2 children) Those rules were set before the Boomers were born too. permalink fedilink source parent hideshow 2 child comments replies: [–] gravitas_deficiency@sh.itjust.works 6 points 3 years ago (1 child) That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing. permalink fedilink source parent hideshow 1 child comment replies: [–] Rapidcreek@reddthat.com -2 points 3 years ago The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change. permalink fedilink source parent
[–] Skyrmir@lemmy.world 16 points 3 years ago (3 children) Those kids are playing in the market the Boomers created and set the rules for, before they were ever born. permalink fedilink source parent hideshow 3 child comments replies: [+] Rapidcreek@reddthat.com -7 points 3 years ago (2 children) Those rules were set before the Boomers were born too. permalink fedilink source parent hideshow 2 child comments replies: [–] gravitas_deficiency@sh.itjust.works 6 points 3 years ago (1 child) That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing. permalink fedilink source parent hideshow 1 child comment replies: [–] Rapidcreek@reddthat.com -2 points 3 years ago The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change. permalink fedilink source parent
[+] Rapidcreek@reddthat.com -7 points 3 years ago (2 children) Those rules were set before the Boomers were born too. permalink fedilink source parent hideshow 2 child comments replies: [–] gravitas_deficiency@sh.itjust.works 6 points 3 years ago (1 child) That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing. permalink fedilink source parent hideshow 1 child comment replies: [–] Rapidcreek@reddthat.com -2 points 3 years ago The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change. permalink fedilink source parent
[–] gravitas_deficiency@sh.itjust.works 6 points 3 years ago (1 child) That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing. permalink fedilink source parent hideshow 1 child comment replies: [–] Rapidcreek@reddthat.com -2 points 3 years ago The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change. permalink fedilink source parent
[–] Rapidcreek@reddthat.com -2 points 3 years ago The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change. permalink fedilink source parent