botMB to Hacker News · 9 months agoBaby boomers are becoming homeless at a rate not seen since the Great Depressionmoneywise.comexternal-linkmessage-square10fedilinkarrow-up146arrow-down12file-text
arrow-up144arrow-down1external-linkBaby boomers are becoming homeless at a rate not seen since the Great Depressionmoneywise.combotMB to Hacker News · 9 months agomessage-square10fedilinkfile-text
minus-squareRapidcreek@reddthat.comlinkfedilinkarrow-up1arrow-down6·9 months agoMost real estate conglomerates are run by 30-40 year old MBAs looking for return on investments so they can get a big bonus. They set the market. They are not boomers.
minus-squareSkyrmir@lemmy.worldlinkfedilinkarrow-up16·9 months agoThose kids are playing in the market the Boomers created and set the rules for, before they were ever born.
minus-squareRapidcreek@reddthat.comlinkfedilinkarrow-up2arrow-down9·9 months agoThose rules were set before the Boomers were born too.
minus-squaregravitas_deficiency@sh.itjust.workslinkfedilinkarrow-up6·9 months agoThat’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing.
minus-squareRapidcreek@reddthat.comlinkfedilinkarrow-up1arrow-down3·9 months agoThe real estate market became a ‘thing’ with John Jacob Astor in the 1830s. And yes investment rules change.
Most real estate conglomerates are run by 30-40 year old MBAs looking for return on investments so they can get a big bonus. They set the market. They are not boomers.
Those kids are playing in the market the Boomers created and set the rules for, before they were ever born.
Those rules were set before the Boomers were born too.
That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing.
The real estate market became a ‘thing’ with John Jacob Astor in the 1830s. And yes investment rules change.