[quote=FormerSanDiegan]Other historical views on Boomers …
“Frankly and unapologetically materialistic”
[/quote] . . .
Except uhhh, those “yuppies” (aka “boomers”) were paying an 8-11% interest rate on their home mortgages …. that is, if they purchased/refinanced AFTER 1983.
But FIRST, they had to live through 11-15.5% fixed mortgage interest rates. Try buying your first home under those economic conditions :=0
BEFORE that, they had to wait in 1.5 to 2 hr gas lines to buy that “cheap” gas and fight in Vietnam and return to the US (if you were lucky) where no one seemed to care what you went through over there.
Does anyone actually think the VA offered treatment for PTSS to returning servicemen at that time? If you think so, you ought to visit Father Joe’s today and see and hear for yourself who they have “rescued” from the street over the last 20 years.
Yes, “yuppies” had every right to seek a better life for themselves when economic conditions finally warranted it. I did so and I am very thankful today that I was given that opportunity back then … yes, even at 7-10.5% mortgage interest rates!
