We were talking about housing being an issue and how expensive it is. I was actually floored how cheap it was, I didn't realize it was THAT much cheaper in some areas. I then showed her this generational wealth gap graph https://hexbear.net/pictrs/image/5VFG0r8zGz.jpg and she had a hard time understanding "how" boomers had such an absurdly high amount of wealth, especially compared to my generation. Like she knew shit was tougher for a lot of us than it was back in her day, but I don't think anyone has ever visualized it for her to really see how truly bad it is, and I wish it was a bigger topic people like her were more informed about.
I fully knew how much cheaper and easier everything was back then but goddamn, 3k? lol
My father in law is a California baby boomer. He thinks he’s a genius for getting rich (he’s not really that rich). The only good investment he made was buying into the California property market in the late 1960’s.
Congratulations to them all. They were bought off via asset inflation.