re: The 'lost generation' of millennials born in the 1980s may never be as rich as their paren

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Most boomers worked jobs that you kids think beneath you

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And retired in their early 60’s with full pensions

Look, I’m doing very well for myself, but it’s myopic to ignore what the real estate bubble did for Boomers. My early childhood home had almost doubled in value by time my parents sold it less than half a decade later. Not because my parents had done anything particularly clever. Just because the market was screaming. The next house they bought skyrocketed in value as well. As did the one the live in now.

But the house they live in now has been stagnant in value for about half a decade.

Does anyone realistically think that my generation won’t face some measure of hardship because real property has skyrocketed in value and then stagnated, so we not only have to pay top dollar, but we see very little of the wealth building effects enjoyed by previous generations?