Good to hear. The longer housing prices stay sane, the better, so that Gen Y can get a leg up on the X’er and boomer idiots who are underwater. Must be nice renting from someone 25 years younger who owns 3 properties of the kind that you paid through the nose for.[/quote]
Lol….
You generation Y’ers are going to be bending over paying a lot of taxes to support all the benefits of of the Baby Boomers, during a period of time when the U.S. is not necessarily going to be the leader in a global economy and have way fewer opportunities that generations before you. Double whammy. there’s going to be fewer of you to spread the tax burden over, and the tax burden is going to be bigger with all the entitlement programs that will be due..
Us generation X’ers are going to get hurt too, but not nearly as much as you generation Y’ers and beyond. Not to mention. IF you really think Baby boomers are going to be in bad financial shape, how do you expect them to pay you for rent? Government subsidy, funded by your tax dollars?
I said this before…Be careful what you wish for…Younger generation are going to be burdened more and more with the debt of the previous generation.
