American Boomers keep yapping about Starbucks lattes, pulling yourself up by your bootstraps, and that buying a house has always been hard.
The data shows a rough picture, though.
Over the past 55 years, the cost of buying a home has more than tripled, and with interest in mind, it's far worse.
It takes nearly 30 years' worth of full-time minimum wage work to afford the median home in America - and that's if you're buying in cash. With interest rates, you're looking at 60 years.
Boomers may have worked hard to get their first home, but with current circumstances, it's borderline impossible.
Beyond grateful for the opportunities crypto have given me, but man - I feel for my generation. It's rough out there.
BREAKING: Block #923,999 has just been mined 🔥
There are now 19,500,000 $BTC in circulation, 95% of total bitcoin supply 💯
There is officially only 5% $BTC left out there to mine ⛏️
That doesn’t mean a bear has started. And given the tax / timings, I think I’m half decided to never sell.
I may, or may not regret this. But fuck it. I’m locked in, I think 😆🤣
I’ll have fun trading a bit , maybe even a few shorts but I think I’m gonna HODL the most part ✌️
I’ve had plans and charts geared up to sell EVERYTHING in October 25, then buy back the lows during the bear.
I DCA’d out about a third, but then a combo of reasons kept me in, and I’m still in…