• Maggoty@lemmy.world
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    6 months ago

    We’re in the middle of Boomers dying. (I need to visit my parents more) They’re 1946 to 1964. On demographic charts the die off period is quite evident around 60-80 years old. Which is the age group they’re in now.

    We aren’t getting those houses because investment companies are buying them at +20 percent value sight unseen, and a bunch of other baby boomers did reverse mortgages to pay for their medical bills.

    Which is all tied into the massive redistribution of wealth from the working class to the wealthy over the last 50 years.