Youtube hearted comments of (@naps3386).
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It is not Boomer greed that has caused younger generations to be locked out of the market. I know a few younger people i’m their 20’s that bought homes while making less than $50k/yr. Here is the major problem with younger people:They are spoiled brats. They are unwilling to buy a small house that needs a lot of work. They have to have it all NOW; granite countertops, 2500 sq ft, very nice neighborhood, and all turnkey. Now add the fact that these kids are carrying stupid amounts of debt, they simply do no qualify financially for their 2500 sf ft turnkey house. If they would get out of debt, they would be able to qualify for a loan for a small house and start their journey. I am Gen X and own 4 properties. I make rental income from these youngsters because they are so backwards thinking, they have resigned themselves to not give up a single luxury. My two daughters live in nicer homes than I do, but they rent. Maybe they think they will buy their house one day when their old man passes, they will be sorely disappointed when they read my will and trusts. I can’t stand theyounger generations, and I do blame their Boomer and Gen X parents for spoiling them, but that doesn’t mean I have to like their kids. There are exceptions, but most of the youngsters I deal with are a lost cause.
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