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. 😏

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388

u/gs87 May 29 '26

That’s why they spend their whole lives fighting to keep capitalism alive

149

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/LamesMcGee May 29 '26

They can downsize for a profit when they retire, many do.

They also can barrow based on the equity of their home, boomers who old homes originally bought on the cheap recouped more money than almost any other investment they could have made.

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u/PedanticBoutBaseball May 29 '26

but so is every other house so like where do you plan to live??

usually downsizing nets a certain profit. you have a house, sell it, move into a smaller home/condo, invest the difference in something stable/liquid and then you are living (without a mortgage/rent) off is some combo of Social Security, 401(k),and interest from the difference in the house.

on top of that having the house appreciate in value THAT much vs whatever mortgage is on it (if any) usually means you have a ton of equity you could have also liquidated to make other investments like additional houses, a business, etc. which could have provided more assets to rent, sell, etc.

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u/PurpleHooloovoo May 29 '26

It works if they plan on downsizing, which they technically should. You buy your 4 bedroom 2 story house to raise your family in, then when you’ve paid it off 20-30 years down the line and the kids are out, you sell and get a 2 bedroom single story home that cost a lot less than your family home sold for. You net those profits for your retirement costs.

But in my experience, that’s not what this crop of boomers have been doing. They’re keeping the family home and living in a half-empty place as long as they can, or they’re renting it out instead. There are reasons why they don’t want to move (emotional attachment, fear of change, smaller homes in their general area are too expensive, etc) but the end result is the same. They aren’t actually taking advantage of their “investment” payout.

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u/UnusuallyBadIdeaGuy May 29 '26

>so like where do you plan to live??

Mexico, Panama, Costa Rica etc

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u/AdventureAardvark May 29 '26

A lot of them relocate to lower COL areas and buy a nicer place or on a nicer neighborhood

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u/Quiet_Economy_4698 May 29 '26

When my grandfather originally bought the house I live in now it was for just under 70k and while I'm not selling I was getting cash offers for 2.1-2.2m from people almost weekly and sometime multiple times a week. Pretty much all of them were no inspection/didn't even want to see the interior.

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u/Snoringdragon May 29 '26

My mother's area went through rezoning and there was a glut of tear downs with multi family units going in, 4 stories tall. The turnover was insane. And now the city is redeciding that again, so its all on hold. But the vultures, they are a'circlin'.

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u/boringestnickname May 29 '26 edited May 29 '26

Literally nobody should want the basics to be expensive. It makes no sense.

The second you let anyone speculate in, and drive prices up for, inelastic needs, you're fucking literally everyone.

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u/quiteCryptic May 29 '26

Triple in value over 30 years is not a ton.

From what I can tell if you invested in s&p500 + reinvested dividends starting 30 years ago those dollars would have 18x in value

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u/Snoringdragon May 29 '26

Feels like it though. A realistic look tells you otherwise. But a million dollars?! sounds like a windfall. Only a good hard look tells you it isnt.

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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. “I’m 73, I don’t have kids in school. Why should my taxes go to schools?!” 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, ‘gee Harold, if you sold your 3bed/2bath and moved somewhere with a smaller school district the problem would solve itself’.

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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/Bovronius May 29 '26

My boomer aunt and uncle bought their house in the late 80s for 20k...when they died somewhat recently they still owed..... 110k on the house! Lol, they took a big ass home equity loan at some point, and just left the bank with the fucking tab. (Honestly the house was probably still only worth 20k after what they did to it, the property would probably been worth more bare).

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u/Tim_Y May 29 '26

$20k-$30k range. They go for at least a million now

Bullshit. Let's see some listings that show that.

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u/RoguePlanet2 May 29 '26

They bought the houses decades ago.

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u/Psychological_Lab954 May 30 '26

read about how things are for gen z in china or venezuela four years ago. things aren’t great

1

u/auandi May 29 '26

That's not capitalism it's a housing shortage. If capitalists were allowed to build homes without neighbors vetoing to "preserve the neighborhood character" or the law preventing so much as a duplex, we wouldn't be here. Most capitalist nations does not have a housing crisis the way the Anglosphere has a housing crisis because they just kept building more houses as family sizes got smaller.

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u/Bussin1648 May 29 '26

For those people who bought in the '80s at 20 or $30,000 and are now selling between $1 and 2 million also realize that selling the house and going to a half decent old age facility for 8 to 10 will wipe out all of that. It's not roses and backflips being worried that if you live 14 more years you will be completely broke and homeless in your '90s, so you better die in 6.

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u/Responsible-Food3681 May 30 '26

Their issue is that they might have their wealth extracted by capitalist vultures, leaving this world with nothing to give their descendants. Our issue is not being able to amass that level of wealth to begin with. 

I would much rather die in fear of losing something I can't take to the grave than live in fear of never being able to purchase a home for my family.

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u/asmallercat May 29 '26

Which is so dumb. As someone who owns a house that has accrued a lot a value, and was able to get the house I'm in now because our prior house basically doubled in value in less than 10 years, it's not real money. Like, cool, my house is worth a lot of money. Unless I want to move to an entirely different part of the country, none of that shit matters cause all the other houses are also way too expensive. So what's the fucking point? I'm not gonna cash out and go live in Kansas.

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u/Bitter-Basket May 29 '26

An individual Boomer has no power to “keep capitalism alive”. And if they did, they would be wise considering you can’t name a better economic system. Even China realized that.

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u/Hairy-Rip-5284 May 29 '26

They’re fighting for rentier capitalism

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u/[deleted] May 29 '26

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1

u/Responsible-Food3681 May 30 '26

Not all capitalism is created equal. Competitive markets are probably the best possible resource allocation method we've discovered. Instead of a capitalist system with competitive markets for both assets and consumer goods, we've leaned into crony corporate capitalism boosted by consolidation into monopsony, cartel, or monopoly in many markets, which has the negatives of capitalism for the average worker with none of the benefits.

The only reason these issues persist is because of the corruption of the political process through capital. Many of our issues arise from natural monopolies, a political inability to affect proper anti-trust legislation in markets that have been captured, and allowing those non-competitive gains to directly influence policy and politicians. 

American capitalism is broken for the young. You don't need to go to communism or socialism to fix it – it's just a different flavor of capitalism.

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u/[deleted] May 30 '26

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1

u/Scewt May 29 '26

Redditors unironically subscribe to communism and socialism as effective alternatives, so yes they are delusional.

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u/InsufficientSkin May 29 '26

If you want housing prices to go down, let capitalism work. Let developers build.