In 2024, there were more home buyers over the age of 70 in the U.S. than under the age of 35
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So not only is social security going to collapse when the boomers die off, but so will the housing market. Everyone better buckle up. Shit's going to get wild in a decade or so.
Boomers essentially left 1 of 2 avenues, were either going to be a corporate socialist “economic zone” or the worst civil war ever seen in history.
Or the biggest number of foreclosures the world has ever seen. Every boomer that bought a house and died will have it passed down to their offspring who can’t sell it and afford the taxes/interest rate.
They can try but rent is on par to be with mortgage payments in some areas now, even with the massive house inflation. These rental firms are setting up for just a delayed failure.
Well yeah, economic collapse post boomer is basically guaranteed, the only outcomes I see happening as a result are corporate socialism or a civil war that probably expands into a global war.
I don’t think we’ll see a “hot” civil war. We will see a cold civil war where states start taking back the roads from the Federal Government and rejections of trade. A quiet quit on a state level.
Forget not being able to afford property taxes. They won't be able to afford the mortgage(s). I know boomers who bought their current California homes in the 90s for $200,000. 30 years later when you'd think the home was paid off, they have not one but TWO mortgages/heloc and total debt owed is double what they paid for it.
Boomers are leveraged out the ass.
Most of their kids aren't inheriting homes, they're inheriting debt. Mountains of debt.
what's going on is just regular tyrannical genocide. if it was supposed to be socialism we'd at least see some stuff getting back to people between all the cracks in the corruption.
My parents recently blew like $8-9000 on a riverboat cruise in Europe while I can barely keep my car running. I live with them due to me being white in this economy and they have the gall to ask me to start helping them with bills (they both drive Mercedes that they paid around $90k cash for). My mother says it is because I "don't work hard enough". I work in a warehouse lifting generators and refrigerators for several hours a night. In the last five years I have probably done more hard manual labor than my father has in his lifetime.
I'm only around 30, but my knees crackle when I squat. My parents think that I should have a $100k+ job by now. The irony being that I might actually have one by now if I didn't waste 4 years in college and another 5 trying to make it in that career as a straight white male in a very saturated heavy liberal field. They still think its 1983, because that's the last time they had to find a job.
And the worst part? My parents aren't even that bad by boomer standards.
Why the absolute fuck haven't they leveraged their own contacts to get you a job?
Seriously. I can't fathom this attitude some people have. If there's anything life has taught me, if you want any sort of reasonable job, you basically have to abuse family/friend connections.
Boomers... do good for *family?!?!?!?
They probably worked some sinecure jobs that no longer exist.
Boomers have the "i have a sandwich, why is everyone hungry?" outlook on life. They think because they rode the post-WW2 economic wave to the very end, that everyone at every stage in their life are in that same situation.
My dad will unironically suggest I buy a house down the street from him in his Beach side community. He couldn't even afford to buy his home today. He doesn't realize that someone would need to make 5x what he made when he bought it in the 90s to be able to afford the identical house. Boomers truly are clueless to the struggle of anyone else, even not so well off fellow boomers, but especially their own kids.
Start looking for nursing homes.
What are your skills?
Do you have any savings?
Do you own a vehicle? A work truck?
Look into getting a pull behind camper. If you have a tow hitch on your vehicle then you can have a small mobile home. It's a good backup plan.
In the meantime, maybe just stay on your parents good side if they have something to leave you in their will.
I think you should just start your own business. But i need to know more about your skillset, whether you have some basic business understanding from college, etc.
Also, if you come up with a good business idea then maybe your parents can provide some capital finance, help market your business, etc.
A big problem with vanlife is that most municipal areas don't allow overnight parking/camping, so you spend a lot of time hiding, getting harassed out of spots, looking for new spots, worried about getting kicked out of known spots.
I've seen videos of boondocking guys paying property owners simply for the right to park in their driveways unharassed.
And even then, this requires one to live quite rurally, because a lot of towns have strict restrictions regarding campers remaining in driveways or residential streets even on private property.
I just about another 15 ounces of silver coins today
Got some of the cowboy series, a few buffalo girls, 5 standard buffalo rounds, some other assorted ones for low premium.
So silver is up 19% in the last 6 months and gold is up 16% in just 6 months.
Why the fuck would you keep your money in a savings account when you can just buy REAL MONEY gold and silver and watch it double in value every 5 years?
If gold spot goes below $3300 again i'm going to buy another one ounce eagle
If you think the homes will end up with regular people you're dreaming.
Housing market won't collapse when they backfill the dying boomers with 150 million new third worlders.
My thoughts exactly. One of the strangest parts of the jeet invasion is that many of them seem to have endless amount of capital to drive up the local housing markets.
You realize nothing will happen and no one will do anything, right? Like, you do know this, correct? You’re just joking for the sake of the Qult crowd?