Hallucinogenic Penguin
kiwifarms.net
- Joined
- Mar 21, 2022
Honestly, I wouldn't doubt most "broke" boomers are that way because Mark/Gerald/David/Susan/Karen/Debra decided to blow their life savings on their 60th birthday trip to Vegas.
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Bear in mind how much about the housing market was being propped up by infinite immigration. We were looking at well over a million foreigners a year during Biden years. Moreso than deportations, Trump's second term has been marked by a collapse in illegal immigration and crackdowns on H1B's. Without interest rates falling to 2-3%, I don't see any appetite to buy the typical 400k+ outdated home in need of renovation. New homes will keep selling though. In Japan, old homes take a hit as a depreciating asset intended to be replaced. I wouldn't be surprised if the US starts to trend that way with the 1950 style ranch houses on large lots if market conditions hold. Lots of old neighborhoods in pretty much any city occupied by old, shitty houses with no curb appeal. The actual value is the lot and its utility hookups, not a 1500 sq. ft. 4b1b house.You just can’t have a thriving housing market when costs are spiraling out of control and over a million jobs were lost last year. Something’s got to give and we see it with these piss poor home sales. Who in their right mind would spend $400-500k on a house if they will get laid off and replaced with a jeet? The real surprise is that sales haven’t totally cratered yet.
The primary driver of me saving and investing starting in my early 20s was boomer tales of woe about how they started saving for retirement in their 50s and how that wasn’t enough to retire at 62. It sounds like a retarded strategy but they really did think they could save for only a few years and have that cover retirement. Muh 401ks have expanded catchup provisions for such people.Honestly, I wouldn't doubt most "broke" boomers are that way because Mark/Gerald/David/Susan/Karen/Debra decided to blow their life savings on their 60th birthday trip to Vegas.
Dimethyl mercury poisoning takes like 5 months to become symptomatic and by then its too late.I wish we could unplug boomers when they're not being used
Don't forget the vacation homes that they almost never use, because using a hotel is not an option for some reason, Boomers spend their money as stupidly as the Millenials that collect plastic crap, a soy filled Millenial will have a room filled with posters, funko pops, anime statues, and gaming collectibles that add up to thousands of dollars, Boomers will buy an antique car and a log cabin, they are both stupid in their own way, specially when both of them can't really afford it.fucking boomer morons have also bitched to me about how they have all these useless liabilities like ATVs, RVs, boats, etc. that nobody wants to buy, even at steep discounts (...)
I work at a bookstore and based off of buying patterns, I'm pretty sure boom booms were ground zero for consoooming. They are super cheap and almost exclusively shop clearance (that way they can buy more!) and if they find out the clearance price was a $5 instead of $3, they will look at it with visceral disgust and say they'll pass. I once watched an elderly woman in a wheelchair with her family buy about $100 worth of coffee table books and then heckled her (also old) daughter about "what, you not getting anything?". Money is tight right now and I've noticed a lot of the younger (50 and below) customers have started being more picky with what entertainment they'll spend money on. Boom boom corpses will buy hundreds of dollars worth of books they can barely even carry, just to have someone else help them.Don't forget the vacation homes that they almost never use, because using a hotel is not an option for some reason, Boomers spend their money as stupidly as the Millenials that collect plastic crap, a soy filled Millenial will have a room filled with posters, funko pops, anime statues, and gaming collectibles that add up to thousands of dollars, Boomers will buy an antique car and a log cabin, they are both stupid in their own way, specially when both of them can't really afford it.
Boomers are the ones keeping Stephen King and Danielle Steel in print. It irks me.I work at a bookstore and based off of buying patterns, I'm pretty sure boom booms were ground zero for consoooming. They are super cheap and almost exclusively shop clearance (that way they can buy more!) and if they find out the clearance price was a $5 instead of $3, they will look at it with visceral disgust and say they'll pass. I once watched an elderly woman in a wheelchair with her family buy about $100 worth of coffee table books and then heckled her (also old) daughter about "what, you not getting anything?". Money is tight right now and I've noticed a lot of the younger (50 and below) customers have started being more picky with what entertainment they'll spend money on. Boom boom corpses will buy hundreds of dollars worth of books they can barely even carry, just to have someone else help them.
I'm also pretty sure they are the ones that started "shopping" as a like, hobby instead of a necessity.
They seriously are the only generation right now in this economy that spend like nobody's business, while also being the stingiest and choosiest. Just money out the ass for bullshit they will never read. No joke, one ordered a book to be sent to her and the book was returned to sender because she had died before it got there.
I can only imagine how bad they are in other markets since this is only my perspective from selling books!
I wish olds loved their families and country more than they love James Patterson
Don't even need to go as far as the vacation home or boat. Your average boomer views their house as the centerpiece of their life. It's their nest egg and their sole principle investment. It's common for boomers to drop 10k+ expanding their homes, doing kitchen renovations, adding pools, redoing the porch, etc. in the name of increasing the home's resale vale. We're not talking rich boomers either. We're talking standard middle class boomers with <$100k annual household income. They seem to have no actual concept that you have to live somewhere, and your home is a terrible investment medium because of this. These retards are the primary reason Trump wants to crash interest rates to drive up home values. They actually believed that the sale of their homes would fund their retirement.Boomers will buy an antique car and a log cabin, they are both stupid in their own way, specially when both of them can't really afford it.
Department stores have completely cracked the boomer spending program. Take an item. Set its regular price to something completely outrageous, let's say a pan made in India for $150. Then, you mark it 70% off. The boomer sees this great deal, never mind a similar pan is available at walmart for $20, and snatch it up while congratulating themselves on their thrift. I've tried going clothing shopping at department stores and it's just assumed you'll never buy anything that isn't at least 50% off. The merchandise is still inferior to walmart or target clothing by sheer nonsensical fit alone. Target and walmart have normal human sizes they work around. You know, men with larger pecs than guts. Women with fewer chins than a Chinese family. This isn't the case at department stores. I walk in and the "classic fit" for men is made for enormous waistlines with tiny upper bodies (I wonder if boomers can even do a pushup?).I work at a bookstore and based off of buying patterns, I'm pretty sure boom booms were ground zero for consoooming. They are super cheap and almost exclusively shop clearance (that way they can buy more!) and if they find out the clearance price was a $5 instead of $3, they will look at it with visceral disgust and say they'll pass. I once watched an elderly woman in a wheelchair with her family buy about $100 worth of coffee table books and then heckled her (also old) daughter about "what, you not getting anything?". Money is tight right now and I've noticed a lot of the younger (50 and below) customers have started being more picky with what entertainment they'll spend money on. Boom boom corpses will buy hundreds of dollars worth of books they can barely even carry, just to have someone else help them.
What else were they going to do once they retired? Snatching up anything worth having at thrift stores is a hobby for boomers addicted to shopping. Idk if they even make money trying to flip things or if they just accumulate stacks of items.I go to thrift stores and used bookstores and it's wild how the scarce/expensive shit is always gotten by either boomers or foreigners. I also see a lot of resellers/flippers at my used bookstores and they're so jeet-like.

I don’t know what department stores you’re shopping at (Bergdorf Goodman or Kmart?), but since department store labels aren’t really a thing anymore, most department stores are really just large collections of popular brands with price ranges relative to how upscale the chain in question is. The Polo Ralph Lauren collection you see in a Saks is not going to be any different from the Polo Ralph Lauren collection you see at a regular Polo store.This isn't the case at department stores. I walk in and the "classic fit" for men is made for enormous waistlines with tiny upper bodies (I wonder if boomers can even do a pushup?).
They simultaneously believed that they could sell at the absolute peak of the housing market and they could buy a house for cheap at Palm Beach or Tucson. They decided this was their strategy back in 1990 and are absolutely flabbergasted that housing is so expensive now at those cities. They have no plan B, this was their grand strategy. The reverse mortgage doesn’t pay out anywhere near enough. It’s a situation entirely of their own making and this is why we have to entertain retarded ideas like the 50-year mortgage.They actually believed that the sale of their homes would fund their retirement.
Because they enjoyed bragging to people that they had a vacation homeDon't forget the vacation homes that they almost never use, because using a hotel is not an option for some reason

Boomer resellers are often the worst because they're the ones who try to list things for the highest they can and don't understand that noone's paying out $150 for a standard Foundation Trilogy book club hardcover without anything special. If it's signed by the author? Sure. If it's a leather-bound thing like an easton press edition? Sure.What else were they going to do once they retired? Snatching up anything worth having at thrift stores is a hobby for boomers addicted to shopping. Idk if they even make money trying to flip things or if they just accumulate stacks of items.
Yeah, I've had interesting chats about this. I like a lot of old media and paraphernalia, but not enough to blow wads on it. If anything, I may just get myself a large screen e-reader later this year.A lot of these boomer “collectibles” 20 years from now will end up in a landfill. Younger generations cannot actually afford that shit even if they wanted to. Those wildly overinflated assets only work if those generations can actually afford it. But while AI is annihilating earning potential of white collar workers, people are not going to buy that shit. Something has to give somewhere, which is why housing sales are in the toilet. Buying overpriced coke bottles or baseball cards is just not going to happen.
I feel like every boomer home has some ugly extension that was done under-the-table and which now threatens the structural stability of the home.Don't even need to go as far as the vacation home or boat. Your average boomer views their house as the centerpiece of their life. It's their nest egg and their sole principle investment. It's common for boomers to drop 10k+ expanding their homes, doing kitchen renovations, adding pools, redoing the porch, etc. in the name of increasing the home's resale vale.
Their entire financial calculus was buying shitty liabilities with a the hope it’s actually an asset so someone younger than them would buy it at an inflated price.
The absolute worst boomer mod I've seen to a house is an insulated crawlspace. You may be surprised to learn that the wooden components of a crawlspace are meant to breath so that they don't accumulate moisture. Well, back when I did construction, I got to see a 700k house that an exceptionally retarded pair of boomers decided to "renovate" with an insulated crawlspace. Yes, I'm referring to the sandy underbelly of the house with the sump pump to remove water accumulation. Anyhow, they had the whole thing lined with insulated aluminum foil. A few years later, I heard that the whole place had become termite infested. The first thing the exterminators did was remove the insulation.I feel like every boomer home has some ugly extension that was done under-the-table and which now threatens the structural stability of the home.
It gets far funnier when you realize how many boomer SAHM have college degrees they never used. It's just 2nd high school where you're supposed to meet Mr. Right and settle down. The job market never left the 80's in their minds.The boomer worship of college will never stop infuriating me. My father recently made a snide comment about how he thought my cousin would have "gotten her act together and went back to school by now". I asked what she was supposed to get a degree in, and what the fuck kind of job she was supposed to get with it. "She could go be a nurse!" I point out my mom was in the hospital for 2 months in 2024 and we saw a grand total of 3 nurses under 30 who were white the entire time. I bring up the tuition page of the local nursing school, and then bring up job listings and physically show the man that what he proposes is that she spend 8 years at least and $$$$$$ of dollars for a $$$$$ career that she won't even be hired in because she's white. WELL SHE SHOULD STILL GO DO IT IT'S BETTER THAN NOT HAVING A DEGREE. He literally thinks she should give up her low-pay but stable job that has allowed her to move out and have her own place to go into debt for a piece of paper. He really thinks she should waste years of her life in diffrent classes finding that magic combination that will finally get her a job that starts out at $35,000 a year and tops out at $90,000 if she's lucky. They refuse to stop living in 1990 and it's absolutely insane.