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How in the hell do you come up with this stuff so damn fast? ???
How in the hell do you come up with this stuff so damn fast? ???
Really won't be a crash, it'll just be them selling homes for actual value. There's no "boomer bubble" where banks are lending out more than what those ugly ass houses are worth. Most of them have been paid off foreverMillennial here born in 1986. I work with a lot of boomers and they check all the boxes for the stereotype. Not all deserve it but I'd say 96% of them are entitled and make sure to let you know that when they cant save an email attachment without raising their blood pressure.
Many boomers have their wealth and equity in their homes or real estate. I continually tell my boomer parents to GTFO out of their house yet they refuse to listen. I'm not a financial expert but when boomers own a large chunk of housing stock, I can only imagine a very depressing housing crash looming when boomers go to sell off their 3,000 sq ft houses last renovated in 1995 with golden oak trim everywhere that no one wants or has the desire to put in $150k in renovations.
Really won't be a crash, it'll just be them selling homes for actual value. There's no "boomer bubble" where banks are lending out more than what those ugly ass houses are worth. Most of those houses have been paid off forever
I'm building a house next year, so I occasionally look at other for sale in the same area and price range. I can get double the footage and double the land (or more) for the same price for an ugly all brick boomer house, but never in a million years would I be interested in doing that
The thing is nobody's valuing an old boomer house at $460k if it'd only sell for 260k. Not the banks, not the appraisers (most of these have been appraised at some point). Maybe zillow has their estimate wrong but that's about it, lol.I think it's more of a market VALUE crash. Your $459,900 1200 sqft ranch on a slab that hasn't been updated in 30 years is only worth $259,900 because it's a fucking 1200 sqft ranch on a slab that hasn't been updated in 30 years and needs $100k in renovation. So the entire neighborhood's value crashes while maintaining unrealistic taxes (speaking solely about IL mind you).
At least I like to believe but their family will prop up this fake value long after they've been turned into worm food.
Really won't be a crash, it'll just be them selling homes for actual value. There's no "boomer bubble" where banks are lending out more than what those ugly ass houses are worth. Most of those houses have been paid off forever
I'm building a house next year, so I occasionally look at other for sale in the same area and price range. I can get double the footage and double the land (or more) for the same price for an ugly all brick boomer house, but never in a million years would I be interested in doing that
That last one is the TRUTH. I'm literally 100% certain it's been used by every white boomer in existenceWhat are your guys favorite boomer sayings?
I'll start:
"When I was your age I moved out of the house and had a stable job, all without college."
"I'm not racist but..."
"When I was your age..."
And made the food pyramid. IdiotsYou forgot to mention that the boomers were the geniuses that decided to lay down carpet over hardwood floors.