this post was submitted on 21 Mar 2025
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Just like any form of investment, diversifying is important. If someone is 100% invested in Loblaws stock, do you expect the government to defend Loblaws to protect their investment just because they're relying on that to retire? The people made the choice to depend on a single volatile investment to retire, it means they took a chance that its value could drop.
Hell, it could happen for a bunch of other reasons, one bad neighbor fucking up their lot and your home loses value.
Yeah, Boomers getting special protections is kind of annoying.
A generation of millenials were told to go to post secondary no matter the cost and then when we did and incurred a ton of debt but the good jobs that were promised to us weren't there, the reaction was "oops, oh well, get fucked I guess".
Maybe if we stopped funneling a billion dollars into "managing" our CPP plan into poorer performance and used that money to increase CPP payouts instead, boomers could afford more of a hit on their housing.
I do wonder if another large contributing factor is that most of our MPs have conflicts of interest when it comes to the real estate market.
Not to burst your bubble buddy but it's not just boomers who reaped the benefits, the X and Y generations did as well. Many millennials are over 40 with a career, a house, a family, all the typical stuff boomers are known for. I'm under 40 and already sold a condo for profit and we sold a cottage for profit which allowed us to buy a bungalow that we can afford on a single income and that will be paid in by the time we turn 50.
lol Were you just looking for a comment so you could flex about your property deals?
Personally, I'm a millennial and I'm okay -- we recently sold our starter home and we got way more than we were expecting for it. But it didn't make me feel "smart" it made me feel gross that the market seems so rigged.
I'm not talking about individuals, I'm talking about trends. The priority for housing should first and foremost be to house people.
No, I'm just saying that people might be complaining but millennials in general are way better off than those who came after them. If you look at wealth stats the average makes that plenty clear and I just gave my experience as a counter example to everyone that's complaining. Average background, still made it out comfortably.