chapotraphouse

Comeuppance and all that, but good lord I just want homelessness to stop being a thing. It's such a solvable problem, but no, we get commodified housing and legions of petty landlords and now mega-landlords like Blackrock.

Mao may be dead, but so are all the landlords he let the citizens kill, and China still reaps the benefits to this day.

They keep looking to their children to bail them out too. Like holy shit bruh maybe you shouldn't have pulled the ladder up and we could have supported you.

Fuckers expect a return from children they refused to invest in. Now we can barely afford to rent let alone help out an aging population.

Obviously this isn't all boomers and generational warfare is stupid. I feel for the ones that actually tried to do the right thing.

Homeowners who oppose new and denser housing in their neighborhoods are a major reason so many American communities are short on homes. Those who oppose building are disproportionately older homeowners. While boomers didn't create many of these not-in-my-backyard laws that restrict housing construction, in many cases, they've protected such regulations, dominating the attendance at community board meetings and fighting housing projects.

Wow, the problem was old rich assholes the whole time

Many older homeowners — particularly the growing number who still have mortgages — are struggling with rising insurance premiums. Nationally, home-insurance premiums rose by an average of 21% from May 2022 to May 2023, Policygenius, an insurance marketplace, found. Insurance companies are increasingly dropping customers and pulling out of entire regions, particularly those hardest hit by climate-related disasters.

The Harvard report noted that places retirees had flocked to in recent decades like South Florida and Arizona also face some of the most severe climate-related impacts, including regular flooding, fires, and extreme heat.

The planet is dying, but on the plus side, The Villages might get wiped off the map

My parents' house they bought in the 90s has quadrupled or quintupled in value, but unfortunately for them they have so many medical expenses in their old age, that even selling the house won't cover their living expenses as they become more elderly and need more and more care. It's a significant source of stress for my family, and I imagine it will only become a more common story as boomers continue to age

That's the irony of rising house prices, your house may have doubled but so did the price of every other house

When you cash in and sell where are you gonna live, when the price of other homes are the same or higher than yours

Even if you settle for sub-strandard cheaper homes those are expensive too and unless you made close to a million or more on the sale your wealth is still gonna take a huge hit, to say nothing of buying homes people actaully WANT to live in, in which case you'll lose most of that liquid wealth you spent decades sitting on

Of course they could always try their hand in the house flipping racket, but that's kinda of a young man's game now, considering all the distracting hospital visits these embrassed millionaires will be making in the coming years

It's almost like capitalism is starting to suck even for the people who "bought into" it

The smart ones would take their money and leave the US

dang

the house we just bought went from like 80k in 2016 to 200k now isn't that neat

American reaction summarised in 1 picture

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get addicted to housing prices?