Comment on Anon is a veteran

lvxferre@mander.xyz ⁨1⁩ ⁨month⁩ ago

• burgersc12@mander.xyz ⁨1⁩ ⁨month⁩ ago

  I think the only reason this is a thing is because houses are prohibitively expensive for about 60% of the population right now. So your options are

  1. rent
  2. wait until your parents are gone and take their house

  Most people are much better off with a house from their parents than paying some rich douches mortgage for them.

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  • lvxferre@mander.xyz ⁨1⁩ ⁨month⁩ ago

    I forgot to mention, this is in South America. As far as I know, cross-gen households used to be the norm here, and mortgaging your home isn’t common, because there’s simply less social pressure to leave your parents’ home if you can’t afford a house.

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    • sugar_in_your_tea@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      And historically, that was expected and normal, and having your own place was unusual. The oldest usually took care of the parents and the rest moved out. That’s SL still very much a thing in Korea, a very developed country where people could probably afford to live separately.

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  • sp3tr4l@lemmy.zip ⁨1⁩ ⁨month⁩ ago

    2 doesn’t work, because your parents will functionally sell off their house to generate funds to pay for an assisted living facility, or all the medical debts they incur in old age.

    You may technically still inherit the house, but you’ll also inherit all the reverse mortgage payments.

    Sure, there will be exceptions to this, but in general?

    Poor millenials and zoomers are going to stay poor and get poorer.

    They largely will not be getting a generational inheritance or wealth transfer.

    Every article you read about a generational inheritance also neglects to mention that half of the wealth that is supposedly set to be by millenials/zoomers, from boomers, is concentrated in the hands of about 1% of boomers.

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    • burgersc12@mander.xyz ⁨1⁩ ⁨month⁩ ago

      Oh shit, never thought of it like that. So like basically everyone who doesn’t have rich parents is truly fucked

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      • sp3tr4l@lemmy.zip ⁨1⁩ ⁨month⁩ ago

        Welcome to the shitty, less cool cyberpunk dystopia, aka, techno or neo-feudalism.

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  • KillingTimeItself@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

    you forgot the secret third option of DIY housing.

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• introvertcatto@lemmy.blahaj.zone ⁨1⁩ ⁨month⁩ ago

  As long as they have healthy relationship and he have his own job to not be dependent on her everything is fine here.

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