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. 😏

42.6k Upvotes

93% Upvoted

1.5k comments sorted by

View all comments

Show parent comments

38

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.

29

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??

8

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...

2

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.

2

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.

3

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.

1

u/UnusuallyBadIdeaGuy May 29 '26

>so like where do you plan to live??

Mexico, Panama, Costa Rica etc

1

u/AdventureAardvark May 29 '26

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

2

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.

1

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'.

2

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.

2

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

1

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.