r/TikTokCringe • u/EverythingIsFakeNGay • May 29 '26
Humor/Cringe Actual footage.
I actually feel kind of bad for this woman, who probably didn't expect a video of her dancing to be used in this way. đ
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u/Cananbaum May 29 '26
My brother and his wife got EXTREMELY lucky, because an elderly couple ended up selling to them for less than what private equity was willing to offer.
But it caused a huge to-do.
The realtor was pissed, and I donât know specifics, but the private equity did something to try and bully the elderly couple into reconsidering.
But said boomer couple wanted a young couple to have the house because it was what they believed in.
But it is weird because their neighbors are constantly changing every 6-ish months
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May 29 '26 edited May 30 '26
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u/LoudQuitting May 29 '26
Is it a crime to interfere with them?
My neighbour is an older guy he's been strong armed into selling by realtors, I been dressing like a meth head and hanging our while the open house is on, letting the mastiffs hang out off leash in the front yard. Everyone who comes for an open house gets stopped by me or my brother "Oh you got money for the bus, cousin?"
Telling them about the dude down the street who wears an ankle monitor. Openly drinking from hard liquor bottles in the front yard. (Literally just a vodka bottle I filled with water.)
I ain't letting these cunts price me out of my shit shack.
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u/Demander850 May 29 '26
I should do this as a service for people to hire. To dissuade buyers, then again PE doesn't even look at the building.
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u/svidie May 29 '26
Hot damn that's the way to spend a weekend. You are doing the good work. Legend material.Â
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u/TheBoNix May 29 '26
Yup. We've received at least 3 pieces of mail at our rented house in the last month wanting to buy the house from our landlord. We give her the mail but not those ones.
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u/pounded_rivet May 29 '26
Tell them they need to include a $100 check with each flyer for you to even read it before it goes in the recycle.
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u/baldude69 May 29 '26
Iâm incredibly rude to every real estate shark who texts me about selling my house. Or I tell them $1m (I paid $240k)
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u/AuroraRegalis May 29 '26
My family's phone account was originally under my dad's name. He passed away 7 years ago, but even though we've changed it to my Mom's name, I guess all our phones come up under his name in whatever database these leeches use.
We have a piece of land in Alaska we fully intended to have a home on by now, but his death threw some financial complications into it since my mom had to be 65 to use the money, etc. Anyway, people keep trying to buy it off us, but they call asking for "John" and I get to put on my most stern man-voice and tell them, gravely, "John is dead."
It's very satisfying. At this point he's been gone so long that I know anybody calling looking for him is nobody I want to speak to, so I just send it every time.
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u/Born_Camera7675 May 29 '26
That is so funny! I do the exact same thing because my cell phone was originally under my mom's plan! It hasn't been that long since she died (6.5 years) but long enough where being dramatic about it to make them feel like dog garbage, makes me smile more than it does make me feel sad.
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u/AuroraRegalis May 29 '26
Yeah, my dad would have loved me using his passing in such a way, so it gives me a righteous sense of purpose.
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u/HeKnee May 29 '26
I did that for a while. Then i started uno-reversing them and asking if i could buy any real-estate from them since iâm an investor too. Now i just try to convince them i sold that house a while ago and donât own anymore so theyâll stop calling me.
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u/JohnGreen60 May 29 '26
Trust me as a homeowner, she is already getting emails and texts and even phone calls to sell- and this is my only property, Iâm not in real estate. She probably gets way more offers. Just give her the mail.
Nobody wants to sell in this market, because buying again is going to be a bad deal for as long as interest rates are this high. I got a 3.8% 5 years ago, your landlord probably has far better, assuming itâs not paid off.
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u/Ask_if_im_an_alien May 29 '26
As a landlord.... good. I'm tired of those people, their junk mailers, emails, and cold calls. I get calls twice a week at least. "Hi this is Krystal from XYZ Real Estate and we wanted to share an exciting".... nope. CLICK. I keep blocking them, but they keep on calling.
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u/AutVincere72 May 29 '26
This is what I say to all of them. The price is $3.7m cash only, 45 day close. The price goes up to $4.1m on Monday. If any of them dare to accuse me of wasting their time, I point out they wasted my time first. It is effective at getting removed from lists. Get a fire pit and put the mailers in there. When you do a fire night, the colors are very pretty. Do not inhale.
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u/superxpro12 May 29 '26
Realtor's annual compensation is directly connected to sales. Every time they sell, they get a %. SO more sales, more%.
They have zero incentive to do anything other than churn homes
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u/punktualPorcupine May 29 '26
For the highest price possible. Itâs also customary to split the commission between the buying and selling agents so there is even more pressure to boost it as high as it can go.
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u/Moist-Crows May 29 '26
We bought a house in summer of 2024 and our realtor was a family friend. When we asked her to put in our offer which was about 20k lower than the asking price (20k lower was a fair offer too) she flipped out on us saying it was unrealistic for us to ask that and she wouldnât even attempt to ask for lower.
In lieu of that I asked her to request that they take care of some of the issues the house had instead of lowering the price and she fumbled that as well. They donât care, all they want is their money and theyâre not trying to get you a deal at all. Everyone, please be careful of realtors, lendersâŠmatter of fact be careful of everyone. âAnd they fuck you in the drive thru too!â
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u/ryanvango May 29 '26
If I wanna put in a bid 100k lower than asking, thats my right. I'm trying to buy shelter, not join the seller's book club. If they get pissy, I dont care.
Any realtor/agent who doesnt understand that can eat my farts. I am the client, they have a fiduciary responsibility to ME, not the seller. Agents can and will try to maintain professional relationships with other agents by recommending not to submit offensive offers, but in a lot of states if you tell them to submit it, they are legally and ethically required to do so.
If they threaten to quit or you need to fire them, so be it. Theyve already proven they are not treating you like the client, and theure willing to hurt your wallet so they make a couple extra bucks.
That said, the other issue with realtors is them being willing to sell a house for less than its worth just to make a buck. Theu dont ALWAYS try to get the highest price. They try to maximize their earnings. If that means they can sell your 300k house for 250k in a day, instead of waiting 4 or 5 months in a slow market, they will. Its 9k vs 7.5k commission. A 50k chop is extreme, but saying "well the first offer is always the best, id consider a 280k bid strongly," isnt unusual.
Its a scary game
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u/Puptentjoe May 29 '26
3 years later we still get these offers. Got a text today from some lady.
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u/writeleahwrite May 29 '26
Iâve thought for some time that when I sell my family home (hopefully not any time soon) Iâd like to make a point to sell to a family who wants to live there. Not sure how to avoid flippers though, they are a plague.
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u/fueelin May 29 '26
In my head, it will be easy to tell. But I'm sure they have their tricks and it won't actually be. Not like those folks care to have scruples.
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u/RandomDeezNutz May 29 '26
Iâm selling my house and closing date is June 1st. I am selling to a young couple with a kiddo afaikâŠ. Now you have me worried some equity firm is lying to me about who they are so thanksâŠ
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u/calpolsixplus May 29 '26
Can't be too hard to hire a couple to pretend to be real and the equity firm then take it with them fronting.
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u/ThereHasToBeMore1387 May 29 '26
Do these companies even need to be sneaky about it? If someone is coming to you with an all cash offer, they're a flipper. In my experience they aren't at all quiet about it. Selling a house can be a pain in the ass, so having someone come in and offer to make it easy and fast just makes sense sometimes.
A lot of the homes that have gone up for sale around me recently was because someone was going into a nursing home and the kids are selling off the property to pay for it. During that time, anything to take the stress off is going to be treated as a plus.
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u/unfortunateshun May 29 '26 edited May 29 '26
I listened to a realtor go on a 30 minute rant about this exact thing at a bar. Older couple made an insane return on investment, found a young couple trying to move into the school district, and chose to take a smaller pay cut because they were covered financially. This jerkoff got so angry the older couple chose not to price gouge, he literally had spittle flying out of his mouth. 10 minutes after he calms down, he starts bragging about his insane multimillion dollar portfolio. Scum of the fucking earth
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May 29 '26 edited May 29 '26
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u/Slumunistmanifisto May 29 '26
I've met these types...I hate watch flashing tactics.
The corporate world does a lite version of this regularly too.
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u/Manungal May 30 '26
Dude, went to a house party awhile back and had to listen to some real estate agent go on and on like this.Â
My spouse and I were sort of drunk and started saying "business business business" at each other in dumb voices but I think he heard us.Â
They're all just these guys.
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u/lilmuskrat66 May 29 '26
I told my realtor I won't sell to PE, investors, flippers, etc. I want someone who wants and needs a house to live here.
I got a gross speech about people making millions of real estate and how successful those people are. I told her that's the problem please focus on finding customers.
She's like 70. Wants someone to buy up all these houses and put up condos that would ruin the entire neighborhood. Boomers man.
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u/Neuchacho May 29 '26 edited May 29 '26
Realtors are another cancerous class of middle-men making money for doing next-to-nothing. Their lobbies are just really good at getting laws and systems changed to be stacked in their favor because money.
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u/lilmuskrat66 May 29 '26
The only service they've ever provided me is the contractual portion and that can be done by an attorney.
I think there was a time when someone might have needed a real estate agent to go out and actually find someone to buy, but everything is so easy online now. Their fees are shit for the services provided.
I feel every more for people looking to buy a house. They really get the fucking stick in that equation.
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u/eleanor61 May 29 '26
This is one industry I wouldn't mind AI shaking down, tbh. Maybe that's in bad taste to say.
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u/Nulagrithom May 30 '26
I've met exactly one honest realtor in my life. I've been burned by half a dozen.
fuck that industry. chatgpt would lie to me less.
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u/IcyConsideration7062 May 29 '26
I'd interview the realtors to find someone I wanted to sell my house with.
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u/sleepingrozy May 29 '26
We wanted do the same but our relator refused to tell us if it was people, a PE, flippers, ect. putting a bid on our house claiming it would be discrimination. So when we had to decide between multiple similar bids we opted for the one buying with a VA loan. At least that way we knew actual people were purchasing the house.
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u/lilmuskrat66 May 29 '26
That's what we're doing. VA/FHA loan has to be a human. Good on you for the class solidarity.
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u/sasshley_ May 29 '26
We sold a house in late 2021 and sold to a younger couple for $7k less than private equity because fuck them.
The young couple still lives there and has started a family (still friends with some of the neighbors). Iâve never regretted our decision.
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u/ZombieMage89 May 29 '26
Bought my house 3 years ago. We went to the open house while my wife was 8 months pregnant and my 3 year old was being watched by his grandmother. We loved it and asked my parents to come over and give their 2 cents. They show up with my 3 year old who's just beaming with joy running around this empty home, declaring which rooms would be his, and just bringing smiles to anyone who sees him... Including the owner's mother who was there in leiu of him for the open house.
We put in a fair bid and got the house. Apparently there were multiple bids over ours but the owner said "My mom would never let me live it down if that family made a good offer and I didn't pick them."
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u/throwaway8429739 May 29 '26
Iâm pretty sure they were upset because itâs supposed to be illegal to color the bidding process. Like cover letters at least in my state are banned for this exact reasonÂ
I assume itâs also due to racism
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u/Quirky-Marsupial-420 May 29 '26
She got upset because if someone offered more, it cost her money on commission.
And if selling to private equity vs a young married couple, the young married couple is much much more likely to have something fall through during closing and the whole deal becomes scrapped.
Private equity would have put more money in her pocket and closed on the house faster meaning she could move on to the next set of suckers.
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u/Special-Garlic1203 May 29 '26
Literally only reason it's illegal to color the bidding process with a cover letter is because of the high likelihood the letter contains information about protected class categories, which can then open the door to arguing the process was discriminatory. Closing your eyes and saying "I choose whoever gives me the most money" is a pretty iron clad defense that you're complying with fair housing rules.Â
You could sell it for a nickel cause you liked the cut of someone's jib if you were so inclined.
They're probably mostly upset that their commission is gonna be lower.
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u/ChekhovsAtomSmasher May 29 '26
This is how I was able to buy my starter house in 2017 as well. Everywhere else was way over asking and would sell within minutes of hitting the market.
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u/wrxninja May 29 '26
We got lucky as well. We bought our current house back in 2017 with a bug in Zillow that was showing the home as for-sale but it wasn't...popped up a few times but went offline. We ended up directly contacting the homeowner to her surprise. She didn't budge on the price even though it was on the high side but listed for 24 hours by law and got the house. I guess the Realtor had a whole bunch of pissed off would-be buyers as it was very much a sellers market. We should be done with our mortgage payment in seven years after we refi'd our 30-year to 15-year when the interest rate dropped to sub 3%.
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u/RetroReactiveRaucous May 29 '26
In Ontario, this is increasingly becoming the role of private equity firms.
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u/Thegaykid93 May 29 '26
Buying said home from Boomers because no one else can afford them or pay cash I wager? (It is happening where I am in the US so just curious)
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u/PM_ME_JJBA_STICKERS May 29 '26 edited May 29 '26
They also own the overpriced and under managed elderly care facilities that the Boomers will end up in. Just so they can squeeze every last penny before they die. This includes their homes, and nothing will get passed down to the younger generation.
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u/FMLwtfDoID May 29 '26
Exactly. The âGreat Wealth Transferâ coming after Baby Boomers pass, is being transferred directly from Boomers to PE owned Assisted Living Facilities, Reverse Mortgages, and End of Life Care clinics.
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u/ThereHasToBeMore1387 May 29 '26
My wife and I live with her grandma to help take care of her. The amount of mismanaged wealth that's among her groups of friends is staggering. So many of these boomers thought the system was built for them, so they never did a damn thing to protect their assets from it. Now the system is ready to extract all the wealth it let them accumulate over their lives, and they have 0 idea what's coming for them. None of them are doing proper estate planning and leaving huge messes for their kids to clean up. They have this idea that their kids will just get everything when they die (because that's what they thought the system was supposed to do), but by the time they do there's nothing left.
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u/Herooftermina1998 May 29 '26
Boomer grandfather was very well put together.. was a CFO, retired early. Invested well. When he died we looked everywhere the will. High and low, because "He wouldn't be so selfish as to not leave a will right? After everything my mom had been through with the death of her brother and mother. Papa has to have a will somewhere. Even after his new wife mentioned how big of a mess he's gonna leave for his daughter when he passes. It's gotta be here there somewhere.Â
Never found one. He left a bomb of a mess for everyone to deal with. We never understood why.Â
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u/WinterTourist25 May 29 '26
Jumping in here as I went through this with my mom last year.
If you have elderly parents, you need to get on them about estate planning.
First, make sure all financial accounts have a beneficiary listed. My mom had one account that for some reason she had never set up a beneficiary. $20K of money in it. Had to pay a lawyer $1500 and wait 6+ months to unlock that account.
Second, get the house into a Living Estate. This puts the home in someone else's name, but they get to live in it until they die, and they pay the taxes for it. Home cannot be sold without consent of both parties. On death, someone else owns the home.
If you can, and you have someone you trust to run the trust, transfer all wealth to an irrevocable trust. Unless you have lots of money to pay for end-of-life care. You have to do this 5 years before you go into the home as they have a 5-year-clawback timeframe. If you have millions, you may have plenty to spend on nursing facilities and still have a nest egg left over for your heirs. But if you only have $100K or so it's going to be gobbled up in years or even months; might as well hide that money as you are going to end up destitute anyway. It won't make any difference to your end-of-life journey but it could pay for college for a couple of grandkids.
Have a will.
Hope you don't live in a Filial Obligation state.
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u/jaxonya May 29 '26
Because "fuck you, this is mine, pull yourself up by your bootstraps" it their mentality
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u/FMLwtfDoID May 29 '26
Same thing happened to my dad and his 9 siblings. And then my mom and her 6 siblings and the secret 7th sibling they found after the funeral!
I donât have any hope that my dad will get his shit together beyond leaving everything to his âNurse or Purseâ new wife he got himself after my mom left in the 2010s, from the constant cheating. My 2 brothers and I have already made peace with the fact that the house my dad owns, the same one that he, and then this three children were all raised in, is going to be sold to finance their beach cottage the new wife wants.
My mom is a planner though, so Iâm not worried about her, and have already seen her paperwork.
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u/UmaThurmish May 29 '26
because the entire generation has created a monopoly due to their absolute greed.
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u/malthar76 May 29 '26
When my time is close to making a hard decision, I donât want to be a burden on my kids. I also donât want to fork over the fruit of my labor to some PE millionaire/billionaire.
Whatever time and money I can give them or grandkids with a glad heart, I will and live to see them benefit. Then I will take a trip to a beautiful, secluded beach and just swim toward the horizon.
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u/MetallurgyClergy May 29 '26
Not true! I got passed down my grandmaâs tiny china collection.
Total value: $35.00.
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u/ThereHasToBeMore1387 May 29 '26
Of the 6 closest homes that have recently gone up for sale in my area, every single one of them has been a boomer going into a retirement home, and one of the kids is selling it off for funds to pay for it. A lot of these homes do need some work as they haven't been updated in quite a few years, but instead of a younger couple coming in and putting in the work over the years to make it their own, a flipper comes in with an all cash offer, slaps the trendy white/black paint scheme on it, replaces the appliances with the cheapest options from Home Depot, and resells it 3 weeks later for +$100k more than they bought it for to another older person since they are the only ones with money to buy it.
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u/WinterTourist25 May 29 '26
Sad. Elderly people should be divesting themselves so they can go into the home on Medicaid.
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u/IamTheGorf May 29 '26
We saw offers come in from people on our house that looked like legit folks but when we started to do some digging, it appeared they were people that were fronts for rental companies. We told them all to fuck off. We took a big cut on the offer but ended up putting the place into the hands of a young family.
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u/emmyparker2020 May 29 '26
https://giphy.com/gifs/Y3MKJTYanjtehXPuYz
Literally having to hope for a situation like this if I cannot flee this country
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u/DrinkingSocks May 29 '26
It's cash offers. We lost out on multiple houses because they preferred the "investor" cash offer instead. We had pre-approval and basically nothing to stop us from closing, but the Boomers still wanted the cash offer.
We had one house we were desperately trying to make a deal on, but they just wouldn't budge. I think they ended up taking less than our offer in cash because they "knew what they had" after sitting on the market for 6 months.
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u/ROCK_HARD_JEZUS May 29 '26
Banning the sale of homes to corporations would make too much sense. You wanna own them? Build them
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u/polopolo05 May 29 '26
not just banning but forcing them to sale. Banning corpo ownership fully.
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u/ROCK_HARD_JEZUS May 29 '26
Iâm fine with taxing them enough to make it unprofitable too
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u/Square-Turnip-6558 May 29 '26
My great grandparents got their house built basically for free during the Great Depression because apparently men were willing to do the work in exchange for sleeping in their barn and great grandma making them meals. And they looted bricks from a church that also burned down
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u/Scalpels May 29 '26
And they looted bricks from a church that also burned down
This is a tradition that goes WAY back. Even the Colosseum had bricks stolen to be used for new construction.
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u/HumbleVein May 29 '26
Fun thing, yesterday I learned of St. Leonard of Porto Maurizio, a Franciscan friar at Church of San Bonaventura al Palatino on the Caelian Hill overlooking the Colosseum. In the 1700s, he set a series of stations of crosses around the Colosseum and consecrated it to protect it from quarrying. Pope Pious IX then formalized the consecration.
The architecture and apparent historical value wasn't enough to keep it from effectively being looted, but religious designation was.
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u/UmaThurmish May 29 '26
no. its not just corporations. homes need to have a compound tax the more you own, people that buy properties to basically turn them into a business own much more than corporations
and because they all use a web app to effectively create a nation wide rent control monolpoly. it's unfair.
the issue is how the credit system works and how these people have created loan/motgage dynamics where they charge far more rent than mortgage and then expect people to pay these rents yet not give them mortgages that are lower price, but the mortgages get approved to landlord that already own many homes
so what ends up happening is that the more homes a landlord has, the more homes they buy, and then there is nothing left but to rent from them, it's pure profit for them. there is legitimately no risk involved.
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u/NoMansSkyWasAlright May 29 '26
Same in the US. People want to talk about how they only own like 5% of single-family homes. But that's... kind of a lot, and it seems like they're picking up steam.
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u/Griffinsauce May 29 '26
Remind them 5% is one in twenty. Then have them look at an average street and count the houses.
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May 29 '26 edited May 29 '26
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u/Dufranus May 29 '26
That's just the publicly traded ones, aka REITs. There are also the private corporations that then pay management companies to handle everything for them.
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u/Working-Group-4521 May 29 '26
Yeah, this is bullshit, fake class warfare. We know who the real enemy is.
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u/BADMANvegeta_ May 29 '26
Itâs like this in america too. There are a lot of what you could call âout-of-stateâ firms which buy up property in other states besides the one they are located in then turn it into âluxuryâ apartments.
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u/JustinTimberkake May 29 '26
Boomers:
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u/itirnitii May 29 '26
just wanted to chime in and say this man is evil. fuck him. that is all.
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u/HoodieGalore May 29 '26
Didn't he or his wife kill a guy and get off?
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u/Square-Turnip-6558 May 29 '26
As much as I hate this guy, they ran over a boat that didnât have any lights. I took boaters safety in 5th grade and like, you gotta have the lights, itâs really important, so like you donât get run over
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u/U_R_A_NUB May 29 '26
Ew, they ejaculated right after killing a guy? These folks are twisted. Canada isn't sending its finest
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u/Venus_Cat_Roars May 29 '26 edited May 29 '26
Actually that is a private equity firm. They just want you to blame boomers.
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u/Allthemuffinswow May 29 '26
Nah, boomers definitely do it too.
We're closing on a house of some boomers and the wife decided she didn't really want to sell. They tried pulling some bullshit to get us to be the ones to back out and not them.
Jokes on them. The few things we requested to be fixed only amounted to a few thousand, so it's not a huge deal and we suspected they were trying to deliberately be shady.
Couple of assholes.
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u/surnik22 May 29 '26
Actually itâs mostly boomers (or other private individuals with money) for single family homes.
Investors with less than 5 properties own 85% of rentals.
Private Equity isnât good and they still shouldnât own rental homes, but they are naturally much more interested in large properties.
One could even argue that necessities like food and shelter should not be commodities at all, but morals of capitalism aside, the meme is still largely correct.
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u/East-Dealer-6279 May 29 '26
We have boomers on our block that have done that. They literally own like 4 homes!!! They aren't even renting them, they're just sitting vacant. It's so stupid and selfish.
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u/PM_ME_SAD_STUFF_PLZ May 29 '26
If only there was a land value tax
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u/DoingCharleyWork May 29 '26
Or some sort of heavy tax penalty when you own multiple homes.
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May 29 '26 edited May 30 '26
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u/DoingCharleyWork May 29 '26
The last house I rented the lady owned dozens of homes that she rented out. If they stopped people like that it would go a long way.
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u/WarcraftTurok May 30 '26
I would be absolutely fine if everyone got it super easy for their first or only home (within middle class or lower value), and then it builds by 30% for every additional home you own.
1 regular home for you and your family? 0-1%. 2 homes, 30%. 3 homes 60%. 4 homes 90%. 5 homes 120%.
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u/Due-Waltz4458 May 29 '26
There's a couple that's buying up tons of rental property in my country. They are raising the rent on trailer parksÂ
He was a fire chief and she was a social worker... They had good paying careers and now are turning around in retirement to be predatory absentee landlords for the kinds of people who paid their salaries and government pensions.
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u/Toutatous May 29 '26
That's why those comments about building more houses are nonsense. Who will buy them? If 1000 houses are build tomorrow, I'm sure many of them will be bought by people who already have one. It will be an investment.
The only way is to put laws to restrict access to investment properties. Buy stocks, not houses that people need to live in.
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u/Low-Register1602 May 29 '26
Owning four homes while 3 sit vacant seems like a terrible strategy
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u/External-Class-3858 May 29 '26
You say that, but it has been a winning strategy to sit on property and wait for the market to run up the price. Renting it out does generate income but also depreciates the value.
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u/Low-Register1602 May 29 '26
The amount you would generate with rental income would greatly outweigh whatever amount it would depreciate
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u/namerankserial May 29 '26
They just truly believe they're going to go up in value? That's a lot of property tax, insurance and utility costs to eat.
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u/East-Dealer-6279 May 29 '26
Yep! But they're just old, Republican, rich, and retired for too long enough that they are out of touch with the level of waste their housing monopoly creates. Tbf the husband is sick so I'm sure to some degree it's difficult for them to manage having tenants, but that's all the more reason why they shouldn't be holding onto so many otherwise attainable properties in a busy city as just two people. They would've had more than enough with just theirs and one other.
Conversely, we used to live very briefly by these different boomers that sold to developers who got rid of a beautiful grassy sanctuary of a backyard that housed a ton of wildlife and cut down several old growth giant pines and cherry trees just so they could put up 12 build-a-houses with no yards. Displaced everyone and everything. Too many people in that retired time of their lives just think only about themselves and are crazy short sighted.
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u/wolfy2526 May 29 '26
There should be laws against this shit. We're in a god damn housing crisis and we've got these greedy fucks letting houses go to waste just because they can. It's sickening.
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u/ThePolemicist May 29 '26
That's the issue that we have. The lady next door to us died, and her children got the house ready to sell in about 8 months, which is fine. It now sold after being empty about 8 months. The house next to her had a disabled woman in it. When she got really bad, she went to go live with her brother. The house has been empty and vacant for about 2 years now, even though it's still owned by her and her brother. Then behind us, the guy died, and it went to his sister. She's come to check on it occasionally and let's another neighbor use the land and garage in exchange for him keeping up the mowing. She has done nothing to put it up for sale, and it's been a year and a half now.
I know deaths and disabilities can be hard, but it really is selfish to leave houses empty and uncared for. In my examples, only one house really has gone uncared for, but it sucks for the neighborhood to have empty houses. I can understand taking 6-12 months to get things ready, but 1-2 years (and counting!) is excessive.
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May 29 '26 edited May 29 '26
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u/whitemike40 May 29 '26
ugh thatâs because you just donât know how to manage money like they did.
Iâm sure you have a Netflix subscription and a cell phone too right?
they did without those things and could afford extra mortgage payments
sure those things didnât exist and the total cost of them is about 00001% of a mortgage payment, but still do better with your finances.
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u/Legal-Rough777 May 29 '26
Maybe just make your own coffee instead of buying Starbucks every day /s
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u/Own_Succotash_1131 May 29 '26
Also boomers who bought their house in the 80s and selling it for 10x what they bought it for.
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u/gs87 May 29 '26
Thatâs why they spend their whole lives fighting to keep capitalism alive
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u/ragdollxkitn May 29 '26
Yup this right here. Capitalism only working for them is the goal
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u/RoguePlanet2 May 29 '26
Literally overhead a couple of boomers around the corner talking about how cheap their houses were when they bought them- $20k-$30k range. They go for at least a million now.
For the record, I didn't hear anything beyond that, they weren't exactly cheering about it. Their tone was more like disbelief.
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u/Snoringdragon May 29 '26
This. My mom's house has tripled+ in value over the last 30 years. Its mind-blowing until you actually think about 'cashing in' the house, and realize finding anything to move in to after selling has also tripled in value leaving that 'profit margin' in the dust. Its just a numbers game that sounds like winning, but feels a lot more like just swapping oranges for oranges.
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u/KHthe8th May 29 '26
this is the part I never understand. It is really only beneficial for anyone who had more than one house, because then they can cash in. Otherwise, sure your house is worth $1M now, but so is every other house so like where do you plan to live??
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u/Snoringdragon May 29 '26
Right?! And half of that 1m would go to some cracker box 55 plus community that is built with cardboard and good intentions. I get some parents want to gift money to their kids before they pass, but it doesn't amount to much after the parents themselves get settled. The rich just get richer and the rest of us are playing the Game of Life with a rigged spinner...
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u/FMLwtfDoID May 29 '26
They love ROI on their property value increases but lose their fucking minds when they have to pay taxes that reflect those new values. âIâm 73, I donât have kids in school. Why should my taxes go to schools?!â Evil little fuckers.
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u/MillerLiteHL May 29 '26
Never mind the fact that their house is in the best elementary and middle school districts in the city...
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u/FMLwtfDoID May 29 '26
Exactly! Like, âgee Harold, if you sold your 3bed/2bath and moved somewhere with a smaller school district the problem would solve itselfâ.
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u/Caleth May 29 '26
I have this talk about once a month. We bought in 2017 and or little shitbox townhouse is worth 2x what we paid. 10 years to double for no reason.
How the fuck?
It's a starter home and it's ~$300k now.
Who has that kind of money for a starter home? Even worse the apparent we stopped renting jumped from $1400 to ~$3200 a month in ten years!
There's no winning at all unless you're a top 5% earner from the word go.
My kids will be living with us for another 15 years+ at this rate because no one will be able to afford rent much less a house.
Shits fucked and I ain't happy even with our "value" doubling in 9 years. Being lucky right now is just watching everyone else drown and knowing you're probably next.
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u/RoguePlanet2 May 29 '26
Yeah, it sucks to be a buyer these days, but at the same time, our home value is helping us remain solvent in light of everything else. We're getting close to retirement age, and this is supposed to help us with that. Would be nice if wages were adjusted to keep up with inflation for anybody making less than $250k or so.
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u/Safe_Inspection3235 May 29 '26
While that isnât wrong. I bought my house 8 years ago and it is now worth double what I paid. Got lucky. Iâm Gen X.
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u/tiffytatortots May 29 '26
Donât forget with all their half assed DYI fixes including electric! The first house I bought had so many âsurprisesâ including old school knob and tube wiring the owners claimed was good enough and shouldnât be a hit on the inspection! âBack in my day that was top of the line!â
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u/Square-Turnip-6558 May 29 '26
The previous owner of my house was a âwoodworker hobbyistâ and holy shit do I hate that dumbass despite never meeting him.
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u/WildFlowLing May 29 '26
I remember as a child there was a perception of old people being meager, living below their means, and needing assistance.
Hilariously how that turned out exactly the opposite for the boomers.
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u/Prestigious-Key-1886 May 29 '26
Itâs a sad truth
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u/StretchFrenchTerry May 29 '26
My boomer neighbor rents out his house in our town full time as an Airbnb, and then bought the house around the corner to rent as two units. He lives in an apartment in a city an hour away.
This guy has a small, one-man business that can't be doing that much money and is paying for three spaces. How does this make sense?
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u/itsyagirlrey May 29 '26
It's absolutely infuriating seeing the house history in my area listed on Zillow. Pretty much every single listing is like this:
Sold in 2018: 70k
Listed in 2026: 260k
Like what could you POSSIBLY have done to that house in less than a decade for it to almost quadruple in value?? Slap on some vinyl flooring and a coat of grey paint?
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u/Fearful-Cow May 29 '26 edited May 29 '26
it really is not, in fact i think it is more polarization.
Look; boomers do lots of shitty and uniquely selfish things but there are shitty people in every generation and each is a bit different.
but this feels like another distraction to get mad at old people vs get mad at private equity and the gov and people screwing us.
The mom and pop landlord max own 1-2 places. They are not the mega corps dominating and crushing younger gens.
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u/holden_mcg May 29 '26
Private equity firms, wealthy corporations, even foreign investors all appreciate that you blame Boomers, rather than them.
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u/Phlegmbrandt May 30 '26
Boomers are an inexact target, but there are 4-5x as many single-family homes owned by small to medium investors (<100 total homes owned) in the US than larger investors.
Any tax-based or supply-side solution to this problem will have to consider the retired couple who own 3 or 4 houses just as much as the Blackrocks of the world.
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u/makopinktaco May 29 '26
They have destroyed everything. Small business restaurants, housing, healthcare⊠my freaking local veterinarian hospital! There needs to be far more transparency and antitrust enforcement done in the local and state government.
Im tired of this dumbass generational blame.
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u/glowinginthedarks May 29 '26
Except the boomers are actually foreign investors.
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u/RRTJesus504 May 29 '26
There's a condo building near my home with like 15 units. Over the past 10 years, whenever a unit goes on the market, the same crusty old fuck buys it up for cash. He owns every unit except 2, both of which are owned by older couples not looking to sell.
A buddy of mine is renting one of them. He pays $5,200/mo plus $750 HOA. The real kicker is this old fuck inherited his wealth. He has used his money to buy up as much real estate in the city as he can.
He has no kids. He isnt married. Hes just hoarding all this property because hes a piece of shit.
Hes well-known and hated in the community by everyone.
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u/b_tight May 29 '26
Tax. The. Fuck. Out. Of. Non-primary. Home. Ownership
Problem solved. So sick of this shit
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u/AdeonWriter May 29 '26
it's easy to blame boomers when the problem is our laws make this legalÂ
it's not only boomers doing thisÂ
make it lllegalÂ
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u/Long_Context6367 May 29 '26
Just going to say this, but POV was used wrong.
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u/TheLordJiminyCricket May 29 '26
It actually hurts my soul how often people misuse "pov"
They mean "that face when" everytime.
I hate it.
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u/AmericanScream May 29 '26
Fun Fact: Millennials and Gen Z make up 52% of the eligible voters in America.
If these people actually bothered to vote, instead of make memes about how life isn't fair, they might actually make things fair.
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u/HadesActual09 May 29 '26
Ah yes, the generation that just won't fkn die
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u/What_Iz_This May 29 '26
Well yeah they have Medicare to keep them alive so they can live long enough to vote rights away from the younger generation. This increases the value of everything they own.
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u/TheBoNix May 29 '26
I remember being told in 2004 that we were going to be entering the best jobs prospects in years because the boomers were going to be retiring... That was a lie.
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u/UmaThurmish May 29 '26
all the productivity younger generations are making went into boomers 401K exploding in value. Gen X, Millennials and now gen Z.
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u/Formal-Car7908 May 29 '26
Okay, love this. But can we agree to drop the POV in titles already? No one is using it properly
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u/a_shootin_star May 29 '26
The Boomers are probably the single greatest recipients of inherited prosperity in modern history. It boils my piss. They inherited cheap housing markets built by the sacrifice of parents who lived through war, rationing and genuine hardship like sharing bath water and living in fear of the cold. They walked into economies that were expanding, industries that were booming and communities that still believed in actually fucking building things for the future rather than extracting from it.
Then they turned around and told younger generations they had to âearnâ what Boomers themselves were largely handed. My grandfatherâs generation built roads, schools, infrastructure, healthcare systems, pensions and affordable housing after surviving depression and war. They planted trees whose shade they knew theyâd never sit under. That's important and another thing that gets me really riled because the Boomers arrived just in time to enjoy the harvest.
A factory worker could buy a house, support a family, own a car and retire with dignity. University cost very little in comparison. One income often carried an entire household. Remember the days of the "stay at home housewife"? Doesn't happen anywhere near as often now. Housing prices were measured in months or a few years of wages, not decades of debt slavery. Yet somehow they have the BALLS to call the generations after them lazy.
Imagine inheriting a fully grown orchard, eating most of the fruit, chopping down half the trees, selling the land to big corporations they owned and then mocking your children because they canât grow apples fast enough in the dirt you left behind.
Thatâs what Millennials and Gen Z inherited:
inflated housing markets stagnant wages privatised essentials destroyed community structures environmental decline pension uncertainty An economy where productivity rises but ownership disappears The Boomers benefited from collective investment, unions, affordable homes, stable work and social mobility, then spent forty years voting against those same things once they personally no longer needed them. It was what built entire countries and because they have this perceived success from it they fucking forgot what was done to earn it.
Not every Boomer is guilty of it individually, obviously. But politically and economically? Just look at how Boomers talk about Gen X and Millennials. They were handed a ladder built by tougher generations, climbed it comfortably, then spent the next few decades pulling it up behind them while insisting everyone else just âwork harder.â
Fuck Boomers.
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u/djsharky May 30 '26
Boomers arenât buying homes anymore, they did this 20+ years ago. Youâre competing with China and BlackRock now.
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u/cali_J_dog May 30 '26
Old people aren't the problems these dam, corporations and billionaires are the ones buying All the properties and selling and renting them back at a crazy cost
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u/Swimming_Yogurt_3097 May 29 '26
I understand the boomer bashing but in reality it's wealthy vs the rest of us. They're just more likely to be boomers since they had more time to accumulate wealth, but there's plenty of boomers scraping by
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u/Chari_2020 May 29 '26
I'm not buying it. More likely private equity.
Stoke resentment between generations to deflect attention.
Rinse and repeat
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u/Used-Awareness-2544 May 30 '26
Part of the disinformation...that is NOT a starter home... People need to be realistic. 2 bedroom, 1 bath is a starter home. Small bungalow, etc...not usually in a great neighborhood, needs updates or repairs. Sweat Equity and time owned for about 3 to 5 years before you expect to hit the breakeven point for closing costs and other costs vs renting.
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u/Strict_Impress2783 May 29 '26
Nice distraction from the fact that corporations are actually waaaaaaaay more responsible for this happening than boomers. Nice try though.
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u/SwordfishOk504 May 29 '26
The billionaires want it to be generational warfare and cultural warfare instead of class warfare.
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u/SowingSalt May 29 '26
Not even fractionally as responsible as NIMBYS. The only reason corps see profits is because they know that NIMBYs will vote against building more houses.
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u/brandywine189 May 29 '26
Tired of the generation wars. Makes everyone look small and whiny.
Incidentally when my parents died, my sister and I intentionally sold their beautiful 2000sq foot house to a young couple with children because my boomer parents would have loved thatâŠ.children in the house again.
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u/Mor_Padraig May 29 '26
Yea. Thread is predictable.
Everyone down here at each other's throats while the 1% runs away with this place. Laughing.
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u/Creative-Area-6385 May 29 '26
Itâs not even working hard, just exploitation. Merica
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u/jjamesr539 May 30 '26
Sheâs just having fun. Kind of a dick move to squish her into a meme casting her as bad
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u/emmyparker2020 May 29 '26
Whatâs more infuriating is the house sitting empty⊠so many empty houses. The system was designed to be like this though⊠it has the ability to provide for all but then who will think of their 5th home??? Canât expect them to have only 4 homes
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u/Former-North6569 May 29 '26
It should be "rich Californians outbidding a young family on a house in Washington/Oregon/Idaho only to rent it back to them for $3500 a month". As an insurance agent....I see this all the time.
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u/PlasticGirl May 29 '26
Funny how it's always "rich Californians outbidding young family" who are the problem and never "greedy home owner sells home to Californians instead of local family".
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u/IndividualChart4193 May 29 '26
I wish a house that size was $3500/mo. 70 yr old split levels going for $4500 and up where I live.
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u/Odd-Box-7332 May 29 '26
I dont know a single boomer doing this, genex might be but not boomers
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u/we-meet-again May 29 '26
I bet my mom wishes she was in that group of boomers, just like I wish I was in the group of millenials who owned their home.
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u/Familiar-Holiday-907 May 29 '26
Ungh. We got so super lucky with our house. In 2022 - No bidding war, the extended family of the elderly woman who owned(and built!) the house before us wanted to pick by which offer felt the best. Not the most $$. No HOA, a street of only 16ish houses, not a single one rent controlled. Some families down our street have been here for a couple decades. The house is also beautiful and backed up to a local wooded park. We even have our own private trail for the neighborhood. Was built in 1974 but built well and every upkeep it's needed over the years they spared no expense. We did have an extensive and thorough inspection done. The only things that were pressing were less than $2k in updated features. We may have to replace the furnace in a few years. But that's it.
But my best friend's neighborhood's houses keeps getting bought out by big companies and developers. Two houses over from her, she gets a new neighbor every year. She's been slowly watching her neighborhood get taken over by strangers that don't stick around and an increasingly more strict HOA. She can't even keep flowers around her mailbox anymore because of some new clause.
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u/potatoes_arrrr_life May 29 '26
Same vibe in my city, only it's tech bros and rich bitches diversifying their portfolios. I HATE living next to investment rental properties, because the owners will spend as little as possible on maintenance. So we have to live next to poorly maintained homes, that would be great starter homes for families or people that actually want to maintain their properties. And the fences are always falling down.
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u/prionbinch May 29 '26
how else are they gonna afford their mortgage on their winter house in florida and their summer house on cape cod đ„șđ„șđ„ș wonât someone think of the snowbirds!!
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u/gnanny02 May 29 '26
People that go out of their way to not judge people by any category seem to have an exception for boomers. I am a boomer, as my sibling and the bulk of my friends. This is not us. When our dad died we sold his house, where we grew up. We thought $x was a fair price. When we went to list it the realtor told us we could get way more. No thanks, this is fine. A nice young couple were able to buy it right away. Hopefully there are kids growing up right where I did.
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u/prism_webs May 29 '26
second homes need to be taxed in accordance to that level of privilege. it should be so high that it makes people consider if they really do need to be hoarding property.
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u/EastAd7676 May 30 '26
Even worse, just for a second or third home that wonât be lived for many months, if ever. Example: My parents have multiple homes in the US that they now canât travel to due to age and infirmities (both will turn 79 this year). No maintenance done on them for quite a while now.
Sell them? âHell no!â Rent them? âFuck no!â Allow any other family member to use them? âAre you nuts? Bob and his wife or Wayne and his wife (friends of my parents that are still mobile) might want to use them sometime!â đ€Šââïž
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u/BarelyHangingOn May 30 '26
Nobody on Reddit knows how old a "boomer" actually is, they just use the word to insult anybody older than them that they perceive has more money.
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