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Simple-Account-2490 t1_ixz260l wrote

Boomers 401ks got wrecked because they were heavy in tech and there's no way that's going to recover in time for them to cash out before theyre dead. Does that mean these fuckers got to sell their houses? Housing crisis solved.

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darkspd96 t1_ixzizrn wrote

Hahaha hahaha

News flash, boomers own their houses, could buy a 5 bedroom in a beautiful neighborhood for like $110k in the early 90s, same house now is $2.5 million

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yummi_1 t1_iy1j7co wrote

Boomers have had a few bad periods if they were invested. Totally agree the best investments they ever made were in their houses. I bought my first house in late 80's for 68,000 and now that house is worth 900,000. I'm sure it will drop from there.

Income back then was around 50k a year, I make around 4x that now. So ya, owning a home back then was the way to go.

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