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
Dude, I wish I could, but it would be a hell of a convo tbh with you. She watches fox all day but still sees how fucked up shit is when I talk to her in plain words and not tucker carlson ranting a bout the great replacement or whatever. Also she is on Facebook more than anyone I know. I removed her for at least dozen content farm groups but once you join one they invite you to a bunch and she'll just accept because boomer.
It's even worse than that too, they can literally just buy ads and metrics on facebook because of how easy the make it to target certain demographics.
Boomers don't know shit about anything, they for real will just accept a ton of invites cause of the way FB makes them appear as a personalized message.
Remember to convert for inflation and/or PPP. But even after that it’s still very cheap.
60s is about 1/10 for most things. So even with that inflation, is still about 10x cheaper.
My grandpa put $100 down for his first house in 1960.
That’s $880 today according to an inflation calculator I found online.
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.
I feel like a lot people commenting here don't realize Richmond is essentially a toxic waste dump thanks to decades of heavy industry like shipyards and refineries.
Looking up the purchase history of my childhood home and seeing that my parents bought it 30 years ago for the amount of rent I pay in a year and a half was a real bruh moment, especially since it's somehow gone up 8x in value despite only being made shittier and more suburban boomery by the subsequent people who've lived there
Yes you have to figure in inflation, but housing is so much more expensive now that this alone should radicalize people. There's homeless people.
Homeless isn't even the right thing to cite anymore, it's housing insecure
