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Baby Boomers - The Generation Gap

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Karen Kelly Sanders stop crying and do something about your life! Like Reply75 November 30 at 4:39pm View previous replies Reece Doyle Typical baby boomer sentiment My parents bought a house for $35000 with two low-middle income jobs. They were 21 years old. Today that house is worth $650,000 thanks to 40 years of exponential inflation. If a 21 year old today was to buy the same house with the price adjusted back down to 1970's inflation, it would only cost $120,000 in today's money. If my parents had to pay $120,000 for this house in the 70s. well that would quite simply be ludicrous. There isn't a bank in the land that wouldn't have laughed them out of the office. To expect Gen-Y's to do the same as boomers did is not only ridiculous, it's just plain ignorant. Our hard work and our money simply doesn't go as far as yours did. Our money is worth a lot less than what yours was worth....not an opinion, its a fact.. .but please, keep telling us how lazy we are, how stupid we are for racking up $100k student loans for jobs we can't get, and how hard you had it.... Unlike Reply 406 December 1 at 150am Edited

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