Texas wouldn't be burning down had the raked up the dried grass lands.

Beamer wrote on Mar 1, 2024, 05:58:
There won't be a windfall for most. When the greatest and Boomers die, the richest have their estates going to their kids, but for the majority it goes to corporations. Mortgage companies and banks, credit card companies, nursing homes, etc. As they age their debt has been increasing, so a very large percentage of people expecting a wealth transfer between generations will just see another one from the middle class to the rich.

But I disagree that companies buying homes are the bulk. It's still individuals. But it's wealthy individuals buying investments.

This. My brother from another mother recently had to put his mother in long term care (as he and his wife are ill-equipped to handle his mother's significant medical issues) and the price for even third tier facilities is eye wateringly expensive. It was a real shocker.

Here it's about about 50/50 on who is buying houses. There are single family purchasers but there is also a healthy segment of investors and "development groups" also buying houses in bulk. There was a flyer I received in the mail some weeks back from a "concerned citizens group" asking people to know whom the buyers are so that houses sold only go to private individuals. I laughed and it went from the mailbox straight to the outside trash can. I don't care who buys this house so long as they have the cash.

There won't be a windfall for most. When the greatest and Boomers die, the richest have their estates going to their kids, but for the majority it goes to corporations. Mortgage companies and banks, credit card companies, nursing homes, etc. As they age their debt has been increasing, so a very large percentage of people expecting a wealth transfer between generations will just see another one from the middle class to the rich.

But I disagree that companies buying homes are the bulk. It's still individuals. But it's wealthy individuals buying investments.

jdreyer wrote on Feb 29, 2024, 16:52:

ZeroPike1 wrote on Feb 29, 2024, 13:55:

Those born between 1981 and 2000 are in line for a “seismic” windfall over the next 20 years, according to research by real estate agent Knight Frank, thanks to the property assets accumulated by the generations before them.

I've been waiting for my windfall and this real estate agent says I will get one! I believe it wholeheartly.

On that note, not sure how wealthy they will be. The current 'House Buying' generation doesn't seem to be able to even afford a house. Source So I'm not sure where all this windfall money from all the inherited property comes from. Property is worthless if nobody buys it.

It's being bought, just not by people. Corporations are sucking them up, then using algorithms to determine the max rent price they can get. Rent has gone from 23% of income 20 years ago to 30% and rising today.

This is true. Banks, companies and nearly every thing in between with investable cash are snapping up properties left and right. It’s happening here as well. Royally sucks.

Quboid wrote on Feb 29, 2024, 16:53:

RogueSix wrote on Feb 29, 2024, 12:01:

Millennials on course to become ‘richest generation in history.’

And the whiniest, too, but Gen Z is giving them a run for their money. Outcome uncertain but it is a very close race so stay tuned!

How often do older generations (which you might not be a member of, I don't know) unironically complain about younger generations? Ask some service workers what generation is the most rude, the most demanding, and the most easily offended. You might not like the answer, but try not to get angry at them and demand to see their manager.

As often as the younger ones, I'd guess.

But its funny to me, because time marches only in one direction, and they'll be in that boat as well, and do the same thing.


Wonderful little cycle, ain't it.

Efflixi wrote on Feb 29, 2024, 18:00:
I don't consider myself special for being born on a particularly rare day. I do however consider my life special as I was never supposed to be born (long story) and even when I was kid I remember going to the doctor and being told my birth circumstances would mean I'd never reach my full potential physically or mentally. I simply ignored it. I'm not 6ft tall but I'm not short either and my mental faculties are perfectly fine! (for whatever counts as fine in this fucked up world!)

Happy level up day! Spend those points wisely! Remember what Morty said, "'Nobody exists on purpose. Nobody belongs anywhere. Everybody's gonna die."

Mazzy Star - Look On Down From The Bridge

Prez wrote on Feb 29, 2024, 18:22:
Happy birthday.

Did you ever have a day when everything looks bleak and everything seems to suck and make you sad/anxious/angry? (Not asking the perpetually sullen and depressive lot here - they have one of these kinds of days every day). Anyway, I'm having that day, and it sucks.

I know what'll cheer you up Prez! The right song for the mood!

Morrisey - Everyday Is Like Sunday...

Trudging slowly over wet sand
Back to the bench
Where your clothes were stolen
This is the coastal town
That they forgot to close down
Armageddon, come Armageddon
Come, Armageddon, come

Everyday is like Sunday
Everyday is silent and grey

Hide on the promenade
Etch a postcard
How I dearly wish I was not here
In the seaside town
That they forgot to bomb
Come, come, come, nuclear bomb

Everyday is like Sunday
Everyday is silent and grey....

Prez, sorry you had a bad day, hope the next ones are better.
Happy mirthday, Efflixi - glad you are around and beat the odds.
BoP, that fire description is both awesome (in the literal sense) and terrifying. Woof.
Hope any folks in TX on Blue's (and not on Blue's) affected by the fire are otherwise okay.

Happy leap day for the next ~25 minutes for those on the US east coast, longer than that for the rest to the west.

Dan =0)

Beamer wrote on Feb 29, 2024, 17:18:

Quboid wrote on Feb 29, 2024, 16:53:

RogueSix wrote on Feb 29, 2024, 12:01:

Millennials on course to become ‘richest generation in history.’

And the whiniest, too, but Gen Z is giving them a run for their money. Outcome uncertain but it is a very close race so stay tuned!

How often do older generations (which you might not be a member of, I don't know) unironically complain about younger generations? Ask some service workers what generation is the most rude, the most demanding, and the most easily offended. You might not like the answer, but try not to get angry at them and demand to see their manager.

The lack of self awareness is brutal to me. All of these people complained about older generations misunderstanding them and generalizing them as whiny and weak, and then somehow, they do it as adults.

Some self-awareness and an interest in learning from history would be fantastic.

It never ends. I've seen a millennial who frequently complains and mocks boomers for their attitudes to millennials, and then call gen-z the Tide-Pod generation because a few idiots ate them. Humans are idiots.

What a sad situation BoP.
Hope weather gets better for you people.

Similary, Argentina used to be one of the biggest -for a time the biggest- world's granaries.
Not anymore.

Prez wrote on Feb 29, 2024, 18:22:
Did you ever have a day when everything looks bleak and everything seems to suck and make you sad/anxious/angry? (Not asking the perpetually sullen and depressive lot here - they have one of these kinds of days every day). Anyway, I'm having that day, and it sucks.

Sorry you're having a bad day, Prez. On the bad days when the depression is kicking my ass, I get down on the floor with my dog. That day suddenly becomes the greatest day in her life (or at least that she can remember). Her happiness and joy in playing and giving me ALLLLLLL the kisses invariably brightens up my mood.

/---\

WannaLogAlready wrote on Feb 29, 2024, 20:29:
Texas:
Anywhere, in this brave new world, a careless camper, a cigarette thrown out of a window car, a Tic-Toc prank or challenge, or willful malice, can destroy square miles.
In winter, too.

Winter? What winter? We had a handful of days that were cold and that has been about it. Usually by now we here in Central Texas will have seen at least a little ice. This year, nothing. Earlier this week it was in the 80s here. Texas is going to be on fire a lot this year and probably be in an extreme state of drought for much of it.

Prez, God may not love you or anyone, but we do, treat yourself.
-----------
Efflixi, you proved to be better than mere odds.
-----------
"Easily Improve Wine Quality." Add Sprite generously.
-----------
Texas:
Anywhere, in this brave new world, a careless camper, a cigarette thrown out of a window car, a Tic-Toc prank or challenge, or willful malice, can destroy square miles.
In winter, too.

The Texas Smokehouse Creek Fire has burned more than 1 million acres, making it the largest in state history.
It is now the second-largest fire in US history.

I'm sorry to hear you're having a bad day. I'm heartened that you're still managing a level of humour with the perpetually sullen quip.
Hang in there Prez.

Happy birthday.

Did you ever have a day when everything looks bleak and everything seems to suck and make you sad/anxious/angry? (Not asking the perpetually sullen and depressive lot here - they have one of these kinds of days every day). Anyway, I'm having that day, and it sucks.

I don't normally care about my birthday as I'm too logical to enjoy most things like holidays and everything else as it's all been too commercialized in the modern era. I also couldn't tell you anyone else's birthday in my entire life except my mom. However, I make an exception for today as it's the only time I have a real birthday as I'm one of the lucky few to be born on a leap day. I always get asked when do I celebrate it on non-leap years. Why would anyone celebrate it March 1st? That's the wrong month! Besides my grandfather on my dad's side was born on Feb 28th so that makes it even easier.

I don't consider myself special for being born on a particularly rare day. I do however consider my life special as I was never supposed to be born (long story) and even when I was kid I remember going to the doctor and being told my birth circumstances would mean I'd never reach my full potential physically or mentally. I simply ignored it. I'm not 6ft tall but I'm not short either and my mental faculties are perfectly fine! (for whatever counts as fine in this fucked up world!)

Quboid wrote on Feb 29, 2024, 16:53:

RogueSix wrote on Feb 29, 2024, 12:01:

Millennials on course to become ‘richest generation in history.’

And the whiniest, too, but Gen Z is giving them a run for their money. Outcome uncertain but it is a very close race so stay tuned!

How often do older generations (which you might not be a member of, I don't know) unironically complain about younger generations? Ask some service workers what generation is the most rude, the most demanding, and the most easily offended. You might not like the answer, but try not to get angry at them and demand to see their manager.

The lack of self awareness is brutal to me. All of these people complained about older generations misunderstanding them and generalizing them as whiny and weak, and then somehow, they do it as adults.

Some self-awareness and an interest in learning from history would be fantastic.

RogueSix wrote on Feb 29, 2024, 12:01:

Millennials on course to become ‘richest generation in history.’

And the whiniest, too, but Gen Z is giving them a run for their money. Outcome uncertain but it is a very close race so stay tuned!

How often do older generations (which you might not be a member of, I don't know) unironically complain about younger generations? Ask some service workers what generation is the most rude, the most demanding, and the most easily offended. You might not like the answer, but try not to get angry at them and demand to see their manager.

ZeroPike1 wrote on Feb 29, 2024, 13:55:

Those born between 1981 and 2000 are in line for a “seismic” windfall over the next 20 years, according to research by real estate agent Knight Frank, thanks to the property assets accumulated by the generations before them.

I've been waiting for my windfall and this real estate agent says I will get one! I believe it wholeheartly.

On that note, not sure how wealthy they will be. The current 'House Buying' generation doesn't seem to be able to even afford a house. Source So I'm not sure where all this windfall money from all the inherited property comes from. Property is worthless if nobody buys it.

It's being bought, just not by people. Corporations are sucking them up, then using algorithms to determine the max rent price they can get. Rent has gone from 23% of income 20 years ago to 30% and rising today.

DnD link needs to be https://www.youtube.com/watch?v=q-CNcn1fqOU only so without &t=47s&ab_channel=TheatreoftheUnaligned which bring the video at the ends.

Who paste the links here???