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Baby boomers are becoming homeless at a rate not seen since the Great Depression (moneywise.com)
submitted 3 years ago by [M, B] to c/hackernews@lemmy.smeargle.fans
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[+] -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.

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  • [–] 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.

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  • [–] -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.

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  • [–] 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.

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  • [+] -7 points 3 years ago (2 children)

    Those rules were set before the Boomers were born too.

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