bot@lemmy.smeargle.fansMB to Hacker News@lemmy.smeargle.fans · 2 years agoBaby boomers are becoming homeless at a rate not seen since the Great Depressionmoneywise.comexternal-linkmessage-square10fedilinkarrow-up146file-textcross-posted to: news@lemmy.worldusa@lemmy.mlhackernews@derp.foo
arrow-up146external-linkBaby boomers are becoming homeless at a rate not seen since the Great Depressionmoneywise.combot@lemmy.smeargle.fansMB to Hacker News@lemmy.smeargle.fans · 2 years agomessage-square10fedilinkfile-textcross-posted to: news@lemmy.worldusa@lemmy.mlhackernews@derp.foo
minus-squareRapidcreek@reddthat.comlinkfedilinkarrow-up1·2 years 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-up16·2 years agoThose kids are playing in the market the Boomers created and set the rules for, before they were ever born.
minus-squareRapidcreek@reddthat.comlinkfedilinkarrow-up2·2 years agoThose rules were set before the Boomers were born too.
minus-squaregravitas_deficiency@sh.itjust.workslinkfedilinkarrow-up6·2 years agoThat’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing.
minus-squareRapidcreek@reddthat.comlinkfedilinkarrow-up1·2 years 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.