In 2024, there were more home buyers over the age of 70 in the U.S. than under the age of 35
(media.kotakuinaction2.win)
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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.