This thread is kind of interesting to me, as I'm one of the so-called "youngers" this thread is talking about. As someone who's a junior in high school, I definitely see a lot of stupidity. Teenagers will seemingly do pretty much anything for internet karma. But honestly, talking to my dad (technically a boomer, born in 63), it's just different stupid stuff. I don't think it's anything more or less stupid, just different. I don't see too many kids blowing stuff up or anything like that, but then you've got teens eating tide pods.
However, here's another perspective. Most teens and young adults look at the boomers and think, wow, they're incredibly stupid too. Not gonna go into politics to any depth, but the problems the US has now are pretty much entirely the fault of the boomers and slightly younger. At least with the people I consider my friends, there's a general dislike of boomers. Yes, the "okay boomer" thing is kind of a knee-jerk reaction, but it's not without reason.
However, here's another perspective. Most teens and young adults look at the boomers and think, wow, they're incredibly stupid too. Not gonna go into politics to any depth, but the problems the US has now are pretty much entirely the fault of the boomers and slightly younger. At least with the people I consider my friends, there's a general dislike of boomers. Yes, the "okay boomer" thing is kind of a knee-jerk reaction, but it's not without reason.
Agreed on that.
A generation of people who bought houses with 3 years wages in an average job says another generation can't afford a house because they eat too much avocado even though that house would cost about 40 years wages now.
My dad bought his house in 1986 for 150k. Same house now is worth about 1.3M but wages certainly didn't increase almost 10 fold, did they!
Boomers also have it easier at the bank. My dad still has a chequing account that pays interest and includes EVERYTHING, even bank drafts for FREE. I pay 3.95$ for 10 transactions...
I'm not as young as you, IlikeTech... I'm a 42 yo Xennial but my dad IS a boomer - born in 1946 😀
And don't worry, it's not just the USA that has it's issues... Just have a look at Alberta!
A generation of people who bought houses with 3 years wages in an average job says another generation can't afford a house because they eat too much avocado even though that house would cost about 40 years wages now.
My dad bought his house in 1986 for 150k. Same house now is worth about 1.3M but wages certainly didn't increase almost 10 fold, did they!
Boomers also have it easier at the bank. My dad still has a chequing account that pays interest and includes EVERYTHING, even bank drafts for FREE. I pay 3.95$ for 10 transactions...
I'm not as young as you, IlikeTech... I'm a 42 yo Xennial but my dad IS a boomer - born in 1946 😀
And don't worry, it's not just the USA that has it's issues... Just have a look at Alberta!
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Being a boomer myself, I lay the blame squarely on the WWI and WWII generations. 😛
We just wanted to fix the mess they left.
Doesn't every generation feel the same?
We just wanted to fix the mess they left.
Doesn't every generation feel the same?
Honestly sounds like generations are good at blaming the past ones for their problems to me. Not saying that's wrong though. Most people in Gen Z aren't old enough to have caused problems from an economic or political standpoint yet. Kodabmx is absolutely right though, housing costs seem to have increased, while wages haven't increased proportionally.
I don't see anyone insulting anybody... Besides the millions of "youngers" who are stupid as in the subject of this thread, of course.
Basically, yes. And it has always been thus - just like "Kids these days". Both as old as time itself.
Don't worry, you'll get your turn in about 40-45 years.
I'm not sure I'm prepared to think that far ahead yet. I think things will be unimaginably different by then, but honestly I wouldn't be surprised if I'm doing that. Hopefully I can remember this and be a little more self aware before going and blaming them...
A lot more factors involved like interest rates and the fact that the US tax system used to totally subsidize mortgages. Guys like I was 35yr. ago are buying 1-1.5M condos around here.
Very true, the OP seems to forget how many more houses were burned down by idiots of an older generation putting pennies behind blown fuses compared to idiots from a younger generation shorting out outlets with pennies for fun.
Stupid has no age or birth era restrictions 😉.
That said, in the USA after 1971, the population tipped from there being more people under 25 to more older, the "youngers " have been in the minority since..
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"I hope I die before I get old" ... (If you're too young for this one)
Wait! Let me rephrase that!!!
Yes, Pano, until you get older and understand what the old people were talking about all that time. A circle of life, of sorts. Maybe a spiral...
Canada didn't subsidize housing prices with the tax system, but 1986 was one of the highest interest rates... The Prime rate was 9% vs 0.25% today. My quick calculations say my dad paid more in interest than the purchase price of the house.
Even with zero interest, if I was to buy a 1M$ home for what I pay in rent (~1200$/month), it would take me almost 70 years to pay for it.
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$1200 a month for rent, typical of today's prices (for a home, and a few apts)
Thank jeez I own a home, paid for, and pay a bit less than $1500 yearly in RE taxes.
Thank jeez I own a home, paid for, and pay a bit less than $1500 yearly in RE taxes.
In San Francisco most 2 bedroom apartments or homes are at least $3000 a month. Obviously people don’t have to live there, but many do and want to. Why would people want to pay that to live there with “all the homeless” etc. well..... maybe there are some rather cool things about the place, like jobs that pay enough to afford 3k a month rent, and gorgeous nature, fantastic sailing and hiking, a positive, rather than cranky outlook on life.
WOT can’t afford to live there but there are people who can. Honestly though, with the cost of living there, the population is becoming a lot less diverse and it has changed a lot ....
WOT can’t afford to live there but there are people who can. Honestly though, with the cost of living there, the population is becoming a lot less diverse and it has changed a lot ....
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With zero interest it would take me 15 years to buy the house I rent. That means something, but I'm not sure what. 😛
I remember Smokey Joe's in Berkeley, my kind of place. We had a nice place on Third St. but my wife said it was too cold to retire there.
Koda, just to assist with the numbers.
In 1986 the prime rate was 9.21%
In 1986 a 5 year fixed mortgage was 13%.
In 1982 a 5 year fixed was 20%.
Our current prime rate is 2.45%.
The BOC rate remains at 0.25%
In 1986 the prime rate was 9.21%
In 1986 a 5 year fixed mortgage was 13%.
In 1982 a 5 year fixed was 20%.
Our current prime rate is 2.45%.
The BOC rate remains at 0.25%