Generation X Stymied by Baby Boomers Refusing to Give Up Jobs

Re:Generation X Stymied by Baby Boomers Refusing to Give Up ... by timtadh on Thursday September 15, 2011 @11:11AM (#3000659)

Rising (and then dramatically falling) housing prices destroyed the wealth a large portion of established families. If they bought a house in say 2005, they lost money and are saddled with a huge mortgage. Even families who own their own home now have less money as people often viewed their home as a major investment.

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Re:Generation X Stymied by Baby Boomers Refusing to Give Up ... by cube13 on Thursday September 15, 2011 @12:14PM (#3000913)

Which is entirely their fault. You don't treat basic needs(food, water, roof over your head) as investments, because no matter what the actual price is of those, you still need them. Instead, you should buy what's affordable for you, so even if the price drops, it doesn't matter.

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Re:Generation X Stymied by Baby Boomers Refusing to Give Up ... by chollida1 on Thursday September 15, 2011 @01:08PM (#3001142)

> Which is entirely their fault. You don't treat basic needs(food, water, roof over your head) as investments, because no matter what the actual price is of those, you still need them. Instead, you should buy what's affordable for you, so even if the price drops, it doesn't matter.

This is a little harsh. Many families need to sell due to reasons other than treating their house as an investment.

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Re:Generation X Stymied by Baby Boomers Refusing to Give Up ... by whatusername on Thursday September 15, 2011 @05:09PM (#3002156)

Sure. But isn't that a Gen X problem?

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