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darkspd96 t1_ixzizrn wrote

Reply to comment by Simple-Account-2490 in Tech's reality check: How the industry lost $7.4 trillion in one year by Fatherthinger

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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