[The-Shoveler]

[quote=scaredyclassic]my main investmentsare going to be stuff I think is undervalued that i find at yard sales/ebay and hold. For instance, I found two japanese fishing lures new in package, purchased for about a buck. They go for about 50.00 each on ebay. I plan to hold for 10years. who’s to say what the top of the japanese fishing lure market wil be? I couldn’t even begin to say. I intend to buy hard goods i think have potential, put them in a box, and hold them until 2025. that’s my plan. that and 10,000 mercury dimes in a bank safe deposit box.[/quote]

Actually I think this is a good Idea, it seems the guys in China do the same type of thing with basic building materials (copper, gravel etc…).

[The-Shoveler]

JTR had something on this,

I think realtors have taken to following cars home from Funerals to find listings.

Most who are left standing can most likely can afford what ever payments they have and they most likely have been able to refinance into fixed rates they will likely never see again, it will take a powerful reason to make them move.

[The-Shoveler]

Like I said call it what you want, it is long over due.

[The-Shoveler]

The Gov cannot afford Deflation.
Hyper Inflation is not desirable either to the Gov.

I guess there is always bitCoin

nuff said

The most desirable outcome from the Gov’s perspective is a rise of the bottom earners income which would promote stability.
Call it redistribution call it whatever you want, instability is not a desirable outcome however.

[The-Shoveler]

It would take a reversal of OER to have assets effect wages.

1981 was the start of the great take away of the american dream,(that is when it was determined it was not part of the plan any more).

[The-Shoveler]

Slow insidious wage inflation from the bottom up, Just kidding sort of,

But I think the Minimum wage hike that is then linked to inflation is that first volley.
It really is a long time coming IMO.

China selling their paper would be just a opportunity for the Fed to buy it back at a discount.

[The-Shoveler]

In and Out burger, order of Large MacDonald’s fries, Costco hotdog&coke Deal (can’t resist), and cheap Chinese takeout. OK there is my list of weaknesses.

[The-Shoveler]

lettuce and cheerios.
I figure there is some connection with lettuce and oats growers.

[The-Shoveler]

This is really odd maybe but I don’t know a single boomer who will not be able to retire.

They will not be spending or living like they are today, but most have their primary paid off and the few who don’t are planning to retire in a lower cost area or even country. (all have worked full time and earned above somewhat above average wages, only a few are in what I would call the rich Category 1-5Million range).

Contrary to what a lot have said, you don’t need to be a millionaire to retire (it helps, but it is not a requirement).

One thing, Having good health is far more important than being a millionaire, being healthy gives you a lot more options.

[The-Shoveler]

I think the percentage of boomers who hold rentals is fairly small.

The issue in SoCal I think as well for retiring boomers is (where is it better ?)
If they don’t need to sell their primary this is.

Sure some will be forced by health to downsize etc… but it is not going to be all at once.

It’s going to be a slow onzy_twozy process.

[The-Shoveler]

I think “Owner Equivalent Rent” caught Gen-X off guard (some Boomers as well)
They were always used to inflation following home prices (SURPRISE!!!).

Yea that did not happen (the bust of the 90’s should have been a shot across the bow).

Now you got the Fed trying to figure out how to do this without it looking obvious IMO.

[The-Shoveler]

I think also boomers have been colored a bit by having lived (and worked) through some very high inflationary periods.
It was buy big now you will be able to afford it later. (when you have been living through 10-14% wage inflation). — that counts promotions etc…. as well.
Not so much in later generations I think but X should have seen the tail end of that.

the 60’s had some high inflation also the weird low-inflation period starting mid 90’s I think (well weird from a boomers Perspective).

What X views as cheap homes was just the work of inflation (well for the most part).

[The-Shoveler]

One Thing I think I must say, coming from L.A. homes were “NEVER CHEAP”
It was always a big event if you bought your first home and it was all you could do to make the payments.
(the possible exception was mid-90’s crash which I only know one boomer who bought then) and the 2008-2011 crash.

They only look like they were cheap when you see today’s prices (and most have grown used to almost no inflation so it distorts their view of things).

Trust me it was a Struggle.

[The-Shoveler]

One other thing I hear from my colleagues in the bay/silicon valley area is one of the biggest complains is people don’t move out of the bay area once they retire.
You would think they would want to cash out and move someplace (like say SD).
But they just stay where they are. Weird.

[The-Shoveler]

All of the above, some of the above and none of the above.

I am probably the exception
Most of the boomers I grew up with have stayed in very stable relationships (one marriage)
Most own their own homes in Socal outright and they are planning to age in place, but that is most likely very unusual.
I know some exceptions to the above though (maybe 10% or so of the boomers I know) who are not doing so well.

[Author]

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