Your take on what our (society) future looks like...

[Defiantly_Not_Bender]

Personally, I see it less as an insult and more of proof that boomers just can't banter over the internet with the younger crowd. I've noticed that the average boomer on the internet has skin that is thinner than a nanometer. They feel they're entitled to trash talk anyone they want in the younger generation, but the second the trash talk gets reversed, they run and cry to the admins complaining about they aren't being respected. Fuck off! Both respect and disrespect have to be earned and not given away like some faggy participation trophy. The amount of entitlement they feel they deserve is so far off the charts it almost seems like a shitty SNL skit.

Anyways, the "mom's basement" thing obviously doesn't apply to me because I moved out of my parent's house when I was 17, but I would much rather be known as a mom's basement dwelling millennial than a thin skinned boomer who gets their feelings hurt by random strangers on the fucking internet!

Watch out, you’ll get a reply from a boomer proud that he will give his money to live in a “nice” rest home owned by blackrock. The hubris to the end.

 

[Defiantly_Not_Bender]

5 years ago I thought I might retire at 55. Now that I am 55, I wonder if I will be able to retire at 60. The money you saved is worth 1/2 of what is was a few years ago. If you use gold as a realistic track of inflation, 50% is about from mid-2022 until now. (CPI is a joke of a measure). That period is pretty selective for gold, but five years is a pretty justifiable period for your dollar to be worth 50% of what is was.

The corporations buying up single family homes is real. When insurance companies couldn’t get yield from bonds during low interest rates, they invested billions in these ventures (I know first hand). It made sense, but we are seeing the downside of it.

I’m 47. I decided in high school that I’ll never retire. Inflation will never allow it. “Just work harder!” Says the tone deaf boomers. In 1970, minimum wage had the same buying power as $180,000 a year does now. So fuck right off boomers with the boot-strap talk. You’re all literally retarded.

 

[doubloon]

I’m 47. I decided in high school that I’ll never retire. Inflation will never allow it. “Just work harder!” Says the tone deaf boomers. In 1970, minimum wage had the same buying power as $180,000 a year does now. So fuck right off boomers with the boot-strap talk. You’re all literally retarded.

I'm 70+, haven't retired yet.

Minimum Wage Has Never Been $66/hr

5/18/2025 (Transcript of my TikTok Video) This week’s viral economic claim: We would need a $66/hour minimum wage to keep up with the purchasing power from the 1970’s. Here and Here. Of…

econchrisclarke.wordpress.com

 

[Thumper580]

I have a few life time friends [i am 72] that i look at and say to myself what was their plan for retirement . We worked very hard and made good money but many of them just blew through the money chasing skirts ,drinks and lines of dope and now they live SS check to check . I came from a broken home and did not like being poor so i learned to save and invest but mostly not waste money . I am at my status I guess because of luck/chance/good decisions [ in any order] and yes i did pull myself up with my work boot straps along with good wives [3rd] .

Few people plan to fail...., however many people fail to plan...for the future, retirement, etc. I agree a lot of people made decent income, but pissed every nickel away as fast as possible..... Then ask "how come I'm broke"?. I was never a financial genius, but I was always scared shitless about ending up poor... As a result we are debt free, retired and comfortable.

 

[Thunderkok]

You know what the bitch of inflation is that is never talked about? Let’s say your stock investments have doubled over the past five years to keep up with real inflation. When you sell, you pay capital gains tax based on the dollars invested. It totally ignores what you would need for the same buying power.

 

[Edsel]

I’m in a good situation. Not a single thing in my life is as a result of “luck” or “good fortune.” I was jumping out of airplanes at 17, after an early graduation, and used my GI Bill to get educated.
I busted my ass, I planned and laid out a course with a destination in mind (honest work, doing good and an early retirement, comfortable easy living). I hunt when I want, live where I want go to or have whatever I want. Nice home, good woman, plenty of ducats and lots of hedge between me and the frightful world. Not a single thing was luck. Most men who are men are able to achieve that. Race, position in life at the start, education, physical handicaps, none of that really gets in the way when one is determined and thoughtful. Those are excuses.

There are many things in the path of life that could have derailed your fortune that you have no control over the luck /chance.

I’m in my mid 70’s. Nothing happening now is a tragedy. And I overcame every single obstacle. I retired fully at age 55. Been on vacation ever since.

70?

Are you kidding me?

I'm much older than you and recognize that It's not over until you're six feet under.

It’s all hunky - dory until something like cancer pops up.

A little humility and gratitude for your good fortune is a good thing.

 

[Defiantly_Not_Bender]

I'm 70+, haven't retired yet.

Minimum Wage Has Never Been $66/hr

5/18/2025 (Transcript of my TikTok Video) This week’s viral economic claim: We would need a $66/hour minimum wage to keep up with the purchasing power from the 1970’s. Here and Here. Of…

econchrisclarke.wordpress.com

You prove how retarded you are with this statement.

 

[doubloon]

You prove how retarded you are with this statement.

Thanks!

Don't have enough hobbies to fill al the free time.

 

[LuckyLuke80]

Op, start an only fans and I’m sure a few on here will support you and the rest of us will pay you to NOT see your videos.

 

[Defiantly_Not_Bender]

I'm 70+, haven't retired yet.

Minimum Wage Has Never Been $66/hr

5/18/2025 (Transcript of my TikTok Video) This week’s viral economic claim: We would need a $66/hour minimum wage to keep up with the purchasing power from the 1970’s. Here and Here. Of…

econchrisclarke.wordpress.com

Ok I was being generous. My math was off. Not $180k a year.

It’s $320,840 a year.

 

[ColinW]

I'm just waiting for the next manufactured disaster & crisis. Part of me believes 9/11 was a coordinated effort and demolition to, in some format, weaken the strongest nation on earth. Why the "World Trade Center"? Well, the answer to that lies in the building titles themselves. International trade to weaken the dollar as reigning world currency. Perhaps I'm wrong on that one. God only knows.

However, I can say for statement of fact, the worlds politicians are doing "The Great Work" (IYKYK ) to destroy the U.S dollar and by doing so, bring America down to its knees financially in order to create a world governance and singular world currency. I'll probably get banned by some foxtrot on here for saying this......But, this little fact of world governance and global currency goes into biblical teachings. The world stage is set and the technology is here for it to happen. *edit Crypto currency, anyone?

The Beast is rising up and about to report in for work here shortly, IMO. There just needs to be an incredibly large manufactured crisis for it to happen.

 

[ironpony52]

I'm just waiting for the next manufactured disaster & crisis. Part of me believes 9/11 was a coordinated effort and demolition to, in some format, weaken the strongest nation on earth. Why the "World Trade Center"? Well, the answer to that lies in the building titles themselves. International trade to weaken the dollar as reigning world currency. Perhaps I'm wrong on that one. God only knows.

However, I can say for statement of fact, the worlds politicians are doing "The Great Work" (IYKYK ) to destroy the U.S dollar and by doing so, bring America down to its knees financially in order to create a world governance and singular world currency. I'll probably get banned by some foxtrot on here for saying this......But, this little fact of world governance and global currency goes into biblical teachings. The world stage is set and the technology is here for it to happen.

The Beast is rising up and about to report in for work here shortly, IMO. There just needs to be an incredibly large manufactured crisis for it to happen.

Did you know there was more gold stored in the basement of the WTC than Fort Knox, where did it all go.
Did you know the buyer of the WTC had it insured and took the terrorist attach option

 

[101st 2.0]

View attachment 8753792

70?

Are you kidding me?

I'm much older than you and recognize that It's not over until you're six feet under.

It’s all hunky - dory until something like cancer pops up.

A little humility and gratitude for your good fortune is a good thing.

I'd say that's pretty good banter from some guy whose much older than 70.

 

[Edsel]

I'd say that's pretty good banter from some guy whose much older than 70.

Grandkids and Great - grandkids.

You’d be amazed.

 

[Thunderkok]

Did you know there was more gold stored in the basement of the WTC than Fort Knox, where did it all go.
Did you know the buyer of the WTC had it insured and took the terrorist attach option

And got paid twice. Once for each plane as independent events.

 

[doubloon]

View attachment 8753742


View attachment 8753746View attachment 8753747

Ok I was being generous. My math was off. Not $180k a year.

It’s $320,840 a year.

Now do it in loaves of sunbeam bread. Cost of "living" not cost of "bling" and "grilles".

We dropped the gold standard a long time ago.

 

[ColinW]

Did you know there was more gold stored in the basement of the WTC than Fort Knox, where did it all go.
Did you know the buyer of the WTC had it insured and took the terrorist attach option

I'm not surprised. I'll stand by my belief that it was a coordinated effort to destroy on purpose. I would think buildings that massive don't just crumble with topside damage. But, i'm no civil or structural engineer. So, wtf do I know? Jack shit. But, i stand by my opinion. Same goes for the moon landing too. A big NOPE!

 

[Camelfilter]

I'm not surprised. I'll stand by my belief that it was a coordinated effort to destroy on purpose. I would think buildings that massive don't just crumble with topside damage. But, i'm no civil or structural engineer. So, wtf do I know? Jack shit. But, i stand by my opinion. Same goes for the moon landing too. A big NOPE!

 

[Thunderkok]

“Moon landing”

 

[Thunderkok]

This one will put you on another list.

 

[widefat77]

And nobody will remember you’re even there.

ho lee fuk, that's mean.

 

[widefat77]

I’m 47. I decided in high school that I’ll never retire. Inflation will never allow it. “Just work harder!” Says the tone deaf boomers. In 1970, minimum wage had the same buying power as $180,000 a year does now. So fuck right off boomers with the boot-strap talk. You’re all literally retarded.

I am a 'late boomer'. I used to believe and regurgitate the "just work harder' philosophy - I'm sorry I did. I finally realized how difficult is now to build wealth by simply working hard. Yeah, I have mine, but the deck is now stacked radically against anyone not born wealthy. If I followed the same path 'now' that I followed 'then' I would most likely be renting an apartment and have no hope of ever retiring.

 

[sloporsche]

I am a 'late boomer'. I used to believe and regurgitate the "just work harder' philosophy - I'm sorry I did. I finally realized how difficult is now to build wealth by simply working hard. Yeah, I have mine, but the deck is now stacked radically against anyone not born wealthy. If I followed the same path 'now' that I followed 'then' I would most likely be renting an apartment and have no hope of ever retiring.

All the hard work can be for naught if one doesn't manage their assets wisely

 

[BuildingConceptsllc]

We should stop the hedge funds buying single family homes. That said, the only thing wrong with housing is that we had zero percent rates for a while and then printed a ton of money causing mass inflation. This is horrible thing to do. We should never have super low rates but we were forced into it so to speak, by the rest of the world and the elite. Super low rates are very damaging for this reason. Who's going to sell a house at 2.5% to buy a much more expensive house (thanks inflation ) at a much higher rate? no one, unless they have to. This is why it will take a while to get out of it. More good jobs will help this a ton though.

Getting lots of foreigners who shouldn't be here out will help a lot too as many are taking good jobs and scamming the h1b system, but the main issue is the period of super low rates plus inflation.

 

[sloporsche]

We should stop the hedge funds buying single family homes. That said, the only thing wrong with housing is that we had zero percent rates for a while and then printed a ton of money causing mass inflation. This is horrible thing to do. We should never have super low rates but we were forced into it so to speak, by the rest of the world and the elite. Super low rates are very damaging for this reason. Who's going to sell a house at 2.5% to buy a much more expensive house (thanks inflation ) at a much higher rate? no one, unless they have to. This is why it will take a while to get out of it. More good jobs will help this a ton though.

Getting lots of foreigners who shouldn't be here out will help a lot too as many are taking good jobs and scamming the h1b system, but the main issue is the period of super low rates plus inflation.

We have bought/sold quite a few pieces of real estate both commercial and single family not once to/from a hedge fund

 

[BuildingConceptsllc]

We have bought/sold quite a few pieces of real estate both commercial and single family not once to/from a hedge fund

yeah I'm sure you have. I have built hundreds of homes and not once for a hedge fund. Be that as it may, it is a fact that hedge fund corps are buying single family homes by the thousands, as well as small businesses.

 

[Herb Stoner]

I’m 47. I decided in high school that I’ll never retire. Inflation will never allow it. “Just work harder!” Says the tone deaf boomers. In 1970, minimum wage had the same buying power as $180,000 a year does now. So fuck right off boomers with the boot-strap talk. You’re all literally retarded.

Not defending boomers but these numbers are overstated. Inflation adjusted minimum wage from 1970 ($1.60 / hr)is about $28,000 /yr. Minimum wage, now as then, isn’t going to get you anywhere.

Home prices adjusted for inflation are comparatively higher but once you start adjusting for square footage (the average single family home is quite a bit larger now), more modern features (central AC/heat, indoor laundry,etc) the gap closes quite a bit. I agree some neighborhoods have higher housing inflation so go somewhere else. Buying my first home at 24 was financially terrifying even though I had a prettty good down payment I’d saved. Nice place but not a “dream home”, by any means. But sucking it up for the first few years was a great move.

I know lots of young people who bought homes - far from impossible. My daughter and her husband bought thier first home in their mid 20s. It wasn’t much and they cashed out nicely after a few years and recently upgraded nicely to a newer home that is much more comfortable. I have two sisters in-law that are much younger than my wife and they both bought homes by the time they were around 30 - nice places with one on Oahu’s north short with a beautiful view. Just yesterday I visited a friends daughter in thier first home - nice place! All did it without anyone handing them the money. It’s choices - do you want a home or a bunch of other crap. Get out of debt. If you’re 40 and have a car payment because you don’t have enough to pay cash - you’re already in financial trouble.

As for investors buying homes it’s nothing new. I had a large insurance company client and worked on closing deals for them buying large, high-end hotels and resorts on the west coast back in the late 90s. They need to invest thier cash reserves somewhere. This has expanded to SF homes. Was at a lunch with the state chair of the Republican Party with 15-20 business owners. A lot of the chatter was many of them had formed LLCs and were buying up distressed SF homes. This was about 10 years ago and there were still areas with a lot of forclosures around here. Not a hard thing as they had cash and existing relationships with willing banks through their businesses.