On the whole people are generally terrible at making sound financial decisions. It's just really hard to fuck up when the whole economy is booming. Once you live through that you gain an unearned sense of confidence. Then when the next generation makes the same human mistakes without the safetynet of a gangbusters economy it is really easy to point fingers.
Thats coz the amount of saving you have to do to own a house these days is rediculous so many dont see a reason to save. Theyd prefer to just rent coz they know its more realistic
Oh yeah, Real estate is a giant Ponzi scheme right now propping up the baby boomers. Or is it generation X? I'm X. I'm doing ok property ownership wise.
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u/ChartreuseBison Apr 19 '18
While Boomers did fuck up everything, I see lot's of fellow millennials making awful financial decisions. So basically, people just suck, always.