I wonder what that rate was for the “generations” before the boomers came on the scene. And 1950 home owners were NOT boomers. They were barely 5 years old at the time.
In ten years there will be a housing glut. Probably sooner.
*** And 1950 home owners were NOT boomers. ***
Thank you for pointing this out. My parents were part of the Greatest Generation. The men went off to war, fought for their country, and if they came back alive, they picked back up where they left off. The women did their best to support their country by raising their kids while dad was gone.
That generation gave rise to the Baby Boomers.
I get tired of hearing that Boomers are the ones who ruined everything. Maybe some, those in high places, but the everyday lower or middle class Boomer had to play by the rules others made, just the same as the younger generations are doing now.
It’s not the generation that caused problems. It’s the people in high places. Especially Democrats. They ruin everything they touch. They don’t solve problems; they create them.
The oldest possible "boomer" was 15 years old in 1960.
And generational stereotyping is for idiots.
BUT ...
The explosive growth of government enabled by income taxation and instigated by the fascist policies of Franklin Roosevelt is now clearly unsustainable.
