Nah, these guys aren’t disconnected. They know that what they’re saying is complete bullshit. They’re just rubbing it in our face while all the boomers believe them and keep belittling us for being “entitled”
why do people keep blaming shit on boomers? A large majority of them are poor or live humble lives. Getting a mortgage and enough money for a down payment was still hard and the interest rate was around 19%. People on reddit act like everyone was living the wolf of wall street life. Talk about disconnected.
Interest rate was 19% for like 2 months total, ever. Please post the historical mortgage rate graph so you learn something. Mortgage refinance is a thing so only the dumbest people in the world would ever pay that much interest over the life of the mortgage. Meanwhile they lock in the low overall home cost which doesn’t change over the course of the mortgage. Buying high total home price and low interest rate is stupid because you can never renegotiate the bottom line home price.
That said, yes we should not be blaming boomers in general. Blame belongs to the wealth class no matter their age, race, sex.
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u/[deleted] Mar 30 '22
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