General Discussion

raccoon

(32,393 posts)

74. Thank you for telling it like it was for many of us.

Reply to viva la (Reply #68)

Wed Nov 15, 2023, 06:39 PM

Nov 2023

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

107 replies

= new reply since forum marked as read

Highlight:

Baby boomers are buying up all the houses [View all] brooklynite Nov 2023 OP

Tick tock..... getagrip_already Nov 2023 #1

You missed a key element of the story. brooklynite Nov 2023 #2

In our area, there's nothing smaller that's affordable for retired boomers. I've got a house Vinca Nov 2023 #51

It has gotten insanely expensive. Our first was 44,000 with 2.5 acres. We got 9.9% Evolve Dammit Nov 2023 #76

That's hardly a new phenomenon. That's been going on for ages... brush Nov 2023 #77

I was curious if the trend was to downscale.... TheRealNorth Nov 2023 #4

Also where are they buying? viva la Nov 2023 #20

Selling the older, larger house first. marble falls Nov 2023 #3

Because they have all the wealth budkin Nov 2023 #5

Oh, come on. There are more poor Boomers than rich ones-- by far. viva la Nov 2023 #26

Thank you, Viva la Hekate Nov 2023 #62

Good points and examples. Evolve Dammit Nov 2023 #78

Except on aggregate, this: meadowlander Nov 2023 #79

That's how it's always gone. Boomers have workered for years and... brush Nov 2023 #85

Great post, and so true. The OP could start another generation war here on DU. brush Nov 2023 #83

You got it! As you are in the living reality of many people's lives while the media does not Stargazer99 Nov 2023 #100

Your post nails it, viva la. Diamond_Dog Nov 2023 #102

Most middle class Americans like me accumulated our 'wealth' calguy Nov 2023 #27

They can't take them with them when they die. The market should be loosening soon.... NCIndie Nov 2023 #6

I'm a Boomer and I'm good for another 20+years..... brooklynite Nov 2023 #7

It's all relative. NCIndie Nov 2023 #11

Thank you so much for your good wishes. I will bear them in mind in future interactions. Hekate Nov 2023 #12

Quiz time: How old am I? NCIndie Nov 2023 #13

I don't really care to play this game, given your previous responses. Hekate Nov 2023 #16

That's the spirit! Stick to your guns, whether or not you have the wrong impression. NCIndie Nov 2023 #17

I thought he/she/they were actually blindingly polite. viva la Nov 2023 #28

Okay. NCIndie Nov 2023 #30

In theory at least TheRealNorth Nov 2023 #61

Airbnb, Vrbo... (n/t) NCIndie Nov 2023 #65

Boomers are to blame, right? Aussie105 Nov 2023 #8

I Know, Right? RobinA Nov 2023 #39

Wonder if they factored in boomers buying for younger relatives flor-de-jasmim Nov 2023 #9

Probably not. The narrative of the selfishness of Boomers must be kept alive at all costs Hekate Nov 2023 #15

Those damn Boomers! Aussie105 Nov 2023 #18

I know... the "biggest transfer of wealth in history" wasn't boomer parents to boomers-- viva la Nov 2023 #29

Dont forget... getagrip_already Nov 2023 #25

Um...Gen X is in their 50's. I think you mean millennials and Gen Z. Wingus Dingus Nov 2023 #49

Yeah, typo.... apologies to the xers.... getagrip_already Nov 2023 #53

To be fair, Xers are used to being squashed between the two elephants.... viva la Nov 2023 #66

and the Boomers behind the 1970s environmental movement DBoon Nov 2023 #55

I'm glad the house I live in is paid for. Elessar Zappa Nov 2023 #10

Right - I'll be paying off my 30-year mortgage in the next few years FakeNoose Nov 2023 #22

They're not buying all the houses and hoarding them. Liberal In Texas Nov 2023 #14

Strange thing this attitude! Aussie105 Nov 2023 #21

Everything you say is true FakeNoose Nov 2023 #23

But... isn't the point of the complaint that boomers DID work and pay off the mortgage.... viva la Nov 2023 #32

Part of the problem with that scenario is: what will we find to buy affordably if we sell? Hekate Nov 2023 #60

I appreciate the great posts on this thread. I'm in somewhat similar.. brush Nov 2023 #88

I'm a boomer born in 1949. llmart Nov 2023 #35

You tell 'em. Finances were pretty tight in our house too... Hekate Nov 2023 #59

Your mother was ahead of her time. llmart Nov 2023 #71

My brother moved to CA during Vietnam. Got two degrees with free tuition Evolve Dammit Nov 2023 #80

That was a smart move by him. llmart Nov 2023 #97

I wonder if some confuse the boomer as a child... with the boomer as a parent. viva la Nov 2023 #68

I agree with your last sentence. llmart Nov 2023 #70

Thank you for telling it like it was for many of us. raccoon Nov 2023 #74

1948 here Mossfern Nov 2023 #75

You go, girl. I like your attitude. brush Nov 2023 #89

OMG you are so right! NT Tickle Nov 2023 #86

Yep, and there were the tumultous '60s/Vietnam, and the recessions of the Nixon '70s... brush Nov 2023 #87

I remember John McCain and his wife had 9 houses when he was running for president. viva la Nov 2023 #31

He actually thought an income of 4 million should be the cutoff for low Evolve Dammit Nov 2023 #82

All the commercials I see for the "I'll buy your house, in any condition, for CASH" are guys way younger than boomers Attilatheblond Nov 2023 #33

Who is buying all the houses are private equity and raising the price for home Stargazer99 Nov 2023 #101

How dare they! ripcord Nov 2023 #19

So... Mossfern Nov 2023 #24

What's an 1890's vernacular house, a recreation of a Victorian? brush Nov 2023 #90

It's a victorian cottage Mossfern Nov 2023 #91

Oh, it's a real Victorian. brush Nov 2023 #92

Yes Mossfern Nov 2023 #93

Oh that's marvelous. You have quite a treasure there. brush Nov 2023 #94

Thank you! Mossfern Nov 2023 #95

Repeat buyers? Duh, of course they'll be older. tinrobot Nov 2023 #34

A lot of this depends on the geography of where you're moving to Jersey Devil Nov 2023 #36

My brother is a real estate agent here in Arkansas... Mark.b2 Nov 2023 #99

Blackstone bought 90,000 houses in the Tampa Bay area onethatcares Nov 2023 #37

I wonder how many are like me - a younger buyer disguised as a boomer. Ms. Toad Nov 2023 #38

Here in Germany, it was, and is a different situation DFW Nov 2023 #40

Interesting, DFW! Thank you for telling your tale. Diamond_Dog Nov 2023 #103

I probably left out 90% of the details DFW Nov 2023 #105

Nah! Diamond_Dog Nov 2023 #106

"Blaming" them is misguided. In many places, there simply aren't enough homes (supply) themaguffin Nov 2023 #41

Or Not. MineralMan Nov 2023 #42

Don't blame the corporations mass-buying houses and driving the prices up. It's really the Boomers' fault! Oneironaut Nov 2023 #43

I'm not aware that "blame" is the intent... brooklynite Nov 2023 #44

We never upsized so no need to downsize. Raftergirl Nov 2023 #45

58 is the first year of GenX...1965. Last year for babyboomers was 1964. Demsrule86 Nov 2023 #46

"58" isn't a Boomer. It's a GenXer. Yavin4 Nov 2023 #47

I'm 64 and I was born in 1959. brooklynite Nov 2023 #48

You are Generation Jones leftstreet Nov 2023 #50

Very interesting. Thanks for the post. Yavin4 Nov 2023 #56

That's Me and my Husband Deep State Witch Nov 2023 #107

Or just a greater percentage of sales of houses that are actually selling? Freethinker65 Nov 2023 #52

I blame it on HGTV. Raftergirl Nov 2023 #57

How many people do you think watch HGTV? onenote Nov 2023 #67

I still think it has had an effect. Raftergirl Nov 2023 #73

No, they aren't. ismnotwasm Nov 2023 #54

We love our little 1,500 sq ft log cabin in the woods on 10 acres Bayard Nov 2023 #58

I get letters several times a week from investment firms with lowball offers to buy my home and property. Chainfire Nov 2023 #63

Bookmarking this for the cogent responses 💡💡💡 Hekate Nov 2023 #64

Investment Properties Deep State Witch Nov 2023 #69

I'd say it's private equity groups that are squeezing people out. sakabatou Nov 2023 #72

I will say this about the boomers.... Hope22 Nov 2023 #81

Around here, the few "starter" type houses that come up for sale happybird Nov 2023 #84

1965 is GenX DenaliDemocrat Nov 2023 #96

I'm a Boomer and I only own one house. PoindexterOglethorpe Nov 2023 #98

Banks buying homes Metaphorical Nov 2023 #104