Posted on 01/23/2024 5:03:10 AM PST by where's_the_Outrage?
Yep, wait until they find out that their marxist taxes will prompt homeowners into reverse mortgages so not only can they enjoy their large homes, they can live the rest of their lives very well off, oh, and the kids get nothing.
The DC market has been distorted for decades. For some reason wealthy progressives won’t give up their estates in Chevy Chase, Berkeley, Cleveland Park, Great Falls, and McLean so low cost multifamily housing can be built for deserving young millennials, Gen Z, and historically disadvantaged minority groups. Why is that?
Perhaps the problem the author has identified is not a “boomer” issue, it seems to be a socio-economic issue resulting from the selfishness and hypocrisy of the leftist elitist class she desires to be part of.
Boomers. Large home. No mortgage. No kids ever.
Upstairs would accommodate a live-in home health care worker if necessary.
You’re right about the accumulated crap. I’m doing my best to weed things out.
Schuetz said. “They’re consuming a lot more house than they really need, but it doesn’t cost them very much.”.....
What an arrogant POS. Who is he to decide what people should “need”. Total leftist mindset - your “betters” as defined by themselves, determine what you should have, what you should need, etc. F… them. Who’s to say they don’t need “assisted suicide”.
“Millennials couldn’t afford my baby boomer house.”
You ain’t wrong. Mine, either.
That sums up one of my “3 Questions.”
Your house was your legacy...where you raised your kids and stayed until “it was time”. Nothing has changed.
This is a self correcting problem (and I don’t concede it is a problem). Baby boomers are growing older and dying off. In 20 years most will be gone ( I am in my 70s and doubt I will see another 10 years let alone 20).
Millennials with kids, meanwhile, are being locked out of the homes they want or need.
Locked out?
What a communist view of a supposed capitalist situation.
We have more rooms than we need {4 bedrooms for two people} but my wife refuses to move as this is her home and I won't start a battle I can't win.
One of us will die and the issue will be settled {but I'm in no hurry for a resolution}.
This is western PA so the house prices are relatively low but this neighborhood is now in the $ 400-700 thousand range.
My son sold his house in Crofton, MD about 2 years ago, smaller than my house and it went for almost $800 K, but Crofton is about 50 miles from DC and 15 miles from Annapolis so the location is fueled by tax payer funds. Real estate is priced on location...period.
Misallocation is when the market does not decide. I would say this is proper allocation.
fwiw... why dont the first time buyers buy these homes they want the boomers to move into?
And.... this sounds like an old west movie where the bad guys come in and say" you're gonna move or we'll make you move!" and they kill the man's son as they leave !
Screw ‘em! We worked hard all our life to pay for the home we wanted. It is paid for and we plan to live here until we go home to meet our Maker.
The communist left thinks at our age we should be stuck in a small cupboard somewhere to prevent us from using up too many resources.
Screw ‘em!
Government is the cause of both the housing shortage and the increased price of homes. I’m not required to sacrifice what I worked for to fix their screw-ups.
Socialism/Marxism on the rise; confiscation of property on the menu.
The big question when deciding what a society needs is, “Who decides?”
I’m gonna say God will sort this out.
Considering right around 1/3 of boomers have already passed and over 5K expire every day, these highly sought after 3 bedroom mansions; that no doubt need many $K in updates, are always available. This is BS a article.
” homes in the US with three or more bedrooms”
Well, it was sort of defined.
You are right to point this out. We are not always well-served by our desires, however much it is our right to have them.
The authors are, of course, snot-nosed Marxists, but the Boomers are not the first to have these feelings. The Pharos built the pyramids because they thought they could take it all with them, too.
Boo freakin’ hoo. As someone who is proudly childfree, I’m awfully tired of being demanded I do things for someone else’s kids.
The only post that matters in this thread.
“Experts say.” It makes me want to spit in their eye..!
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