Comments by "Comm0ut" (@Comm0ut) on "Something Terrible Is Happening To Boomers" video.

Loans are the STUDENTS choice. I did not take any and have none to repay.
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@chrislastnam6822 That is a very good reason NOT TO LIVE THERE because living where you cannot effortlessly afford to live is childish foolery. I don't live in LA and if I did I would cash out and be gone like a rocket. Money enables freedom so money comes first. Sentiment is for the senile.
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They had their whole lives to leave that city. Cities are purely bad so I don't live in one and that enabled me to retire at 47. Unless you are wealthy there is little reason to want to live in a city, and no reason for anyone to be in a city that's been going down hill for decades. Most people are silly, the worst self-betrayal a person can choose.
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@chrislastnam6822 So DO NOT LIVE THERE. I don't and the reason I don't live in an expensive hood is so I can have more property for lower taxes and less money. Cities are bad and wanting to live in one (unless you're rich) is usually foolish. Because I do not live in LA or NYC etc I own my home and low taxes mean I can keep it.
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@jt1559 The whole point even then was to buy a house then when the area got expensive sell the house, take the money and run. If you're old and you chose to live in an expensive area then cash out the house and enjoy a better life in an affordable area.
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@chrislastnam6822 So DO NOT LIVE THERE or pretend you need to stay there. This is not hard. I don't live in LA proving no one else needs either. These childish comparisons by people who made awful life choices like living in CA after it turned bad are nauseating. I left the NY metro area for tax, crime and crowding reasons far less annoying than those plaguing LA because I'm too smart to be a chump. Rich hoods are for the rich so I leave them to their fun. That's a major part of why I could fully retire at 47 on paid off property with very low overhead.
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@miahconnell23 Wise people locate where property tax is trivial. The economy changes over time and good times are for preparing for bad times.
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My father self-funded and never had a pension yet retired well off because he chose to learn finance then worked as a management consultant (he didn't like working for other people). He left his expensive home by cashing out then moving to Virginia.
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@lisabryant5424 There is never a universal solution but individuals (you are one) can choose not to follow the herd. There are many ways to retire available, notably the armed forces, government jobs, law enforcement, Merchant Marine (a gem most people don't know exists) etc. Real people do these real jobs and really retire. Why aren't you?
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This Boomer who is comfortably retired agrees with your post. Those who want fun cars should (and back in the day were expected to) learn to wrench and get good. I would never buy a new car though I could buy one for cash. Debt is slavery.
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@attitune No one needs a NEW car. No one needs an expensive vehicle. Choosing to be mechanically helpless then buying toys instead of utilitarian tool vehicles is a common boomer mistake. I buy used vehicles then keep them for at least twenty years. So do the wise farmers etc I learned from.
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@tomlxyz Realism is pragmatic and in no way deprives anyone of ability to advocate for better, but realism also admits most other humans are unintelligent fools so it will remain everyone for themself of necessity.
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@emilyfeagin2673 New cars are usually a foolish purchase and if I were given one free and clear I'd instantly sell it. I could buy a new vehicle today for cash but would (rightly because I'm a mechanic) feel idiotic wasting the money.
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@ericHHII They are conformists and old. They will come for nothing of the sort.
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@michaelchristophergutierre7244 May we have a source for your claim that one of two live in poverty? Many fail to save but most people aren't intelligent and did that to themselves.
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I chose NOT to "ascend" housewise because spending too much on a cost center just ensures your wallet will sufer. I bought cheap old homes on cheap property then renovated them. Keep it SMALL then own it ALL. To succeed, copy success and be willing to move anywhere and do anything during your short working life. Plan everything.
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@judylandry302 Your insurance company is boning you. I'm 65 and have a fleet (I rebuild classic motorcycles for fun) and own three (paid off decades ago and bought used) trucks.
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