this post was submitted on 23 Oct 2025
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A Boring Dystopia
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ok, avoiding starbucks is easy because six fucking dollars for a coffee so they can pay their CEO 6,660 times what a barista makes, just so he can fly between seattle and sfo DAILY, yeah, that's easy, but that's not going to transform the entire fucking economy.
what boomers faced 30 years ago? lol, record low interest rates, cheaper education, much higher % of union participation, help me out here what was the rough stuff the boomers went through 30 years ago?
NO FUCKING TELL ME I WANT TO KNOW
They had to watch women, black people, queer folk and transgender people exist and they were scared.
the horrors
If a boomer was buying a house 30 years ago, they were between 32 and 50 years old. They were not buying starter homes 30 years ago. They already had equity.
they were complaining about the prices for their rentals probably
Boomers bought their houses in the '70s and '80s when the interest rates were 15%. It's a big part of why the houses were cheaper for them.
Not giving them a pass. They did have what is likely the easiest economy in American history, but they didn't have record low interest rates.
In 1970 the median house was about 22k and median income for white families was 10k mostly via a single earner.
Minorities were of course fucked as usual.
You could save up and outright buy. Now a median household is 80k with 2 folks working looking at 800k anywhere near the jobs they work. With interest of course its more like 1.6M
I more or less agree. The home price to income ratio in the US bottomed out in '74 at 3.62-ish. A healthy economy is between 4 and 5. The peak of the housing bubble was 6.78. Today it's around 7.05. We are beyond cooked and this lady is out of her mind.
That's a legitimate frustration. We don't need to pretend interest rates were at a record low for the boomers to validate that.
Nobody said that they had low interest rates
Yes they did. That's where this discussion started. In fact it was stated "record low interest rates."
valid