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submitted 10 months ago by ramble81@lemmy.zip to c/asklemmy@lemmy.world
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[-] hitmyspot@aussie.zone 64 points 10 months ago

Sell all their homes to corporation in a reverse mortgage, so they get the cash now and the homes stay off the market for young people.

[-] DoGeeseSeeGod@lemmy.blahaj.zone 30 points 10 months ago
[-] hitmyspot@aussie.zone 12 points 10 months ago

A lot of the cash will go on healthcare. But a bunch will go on trips in retirement and other stuff..of course no wealth transfer any more except for the uber wealthy.

It's a case of the young no longer having a large sun of money at once to buy a house while also taking housing off the market. This reduces supply and demand keeping prices somewhat affordable for corps but out of reach for people. Renting is the new serfdom.

[-] scrubbles@poptalk.scrubbles.tech 4 points 10 months ago

I mean, young people can't afford their houses, at some point something's gotta give, or yeah they'll sell them to corporations.

[-] naught101@lemmy.world 57 points 10 months ago

Corporate nursing homes milking them of all their remaining inheritable money.

[-] makingStuffForFun@lemmy.ml 5 points 10 months ago

Exactly this. I've seen it with two of my family members.

[-] blarghly@lemmy.world 3 points 10 months ago

And casinos.

[-] if_only@sh.itjust.works 47 points 10 months ago

My boomer relatives floated the idea of donating their estates to the mormon church upon their deaths, fucking their apostate kids out of any inheritance

[-] Elaine@lemmy.world 3 points 10 months ago

You oughta see their gilded temples. They’re really hurting for money.

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[-] jimmux@programming.dev 31 points 10 months ago

It's been happening for a while. Aged care is very expensive, and is often secured with assets. These places will take all the hoarded wealth before it can transfer to anyone who needs it.

Some would say the answer is to not outsource care of our loved ones, but how do we do that without housing or job security, in an economy where nobody has the time for it?

[-] bizarroland@lemmy.world 3 points 10 months ago

There is also the faintest possible possibility that some sort of home health care robot will become available in the next 20 years or so, but it'll probably be very expensive.

[-] Suck_on_my_Presence@lemmy.world 3 points 10 months ago* (last edited 10 months ago)

I guess they'll die

[-] jordanlund@lemmy.world 19 points 10 months ago

Gravesites. There will be no room to bury Gen X and down.

[-] blargh513@sh.itjust.works 10 points 10 months ago

Jokes on them, we will never be able to stop working long enough to have a proper funeral. They'll just bury us where we drop.

Not like most of us care anyway. Just throw my rotten corpse in a dumpster, ain't nobody wanna smell it anyway.

[-] stoy@lemmy.zip 7 points 10 months ago

Eh, here in Sweden it is normal to reuse grave sites, you normally get a grave site for 25 years, but it can be extended.

The relatives of the person buried can extend the time that the gravesite is yours, but it costs money.

Sooner or later the gravesite is returned to the church to be reused.

[-] glitch1985@lemmy.world 6 points 10 months ago

Is everything broken down in 25 years or do they do something with the remains?

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[-] breecher@sh.itjust.works 5 points 10 months ago

That's the way it is in a lot of European countries. Every single acre of land would be a gravesite if not for this system.

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[-] AmbiguousProps@lemmy.today 3 points 10 months ago

Good thing more and more people are choosing cremation these days.

[-] deadbeef79000@lemmy.nz 18 points 10 months ago

Dying and leaving us holding the bag.

Rather, dying and leaving it all to the few sycophantic offspring they've managed to brainwash to continue their legacy.

[-] SidewaysHighways@lemmy.world 10 points 10 months ago

this.. this is absolutely my exact life situation right now.

like we don't agree about ANYTHING even though i am literally watching them suffer from the consequences of how they've been voting since they came of age (fuck Reagan)

why do i keep hanging out with them? because they have a boat? i don't think it's worth it anymore

ugh

[-] Sanctus@lemmy.world 17 points 10 months ago

They've already done it. The environment is fucked for future generations.

[-] WhyJiffie@sh.itjust.works 5 points 10 months ago

they didn't stop

[-] kreskin@lemmy.world 15 points 10 months ago

To spite the libs, they'll inflate the US dollar till its worthless.

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[-] RBWells@lemmy.world 13 points 10 months ago

I personally don't like the idea of inheritance in general but first thought that came to my head when I read this - every time I hear about the "great wealth transfer" that's supposed to happen, I think nah, it's all going to go to long term care and into the pockets of the people who own those places.

[-] VerilyFemme@lemmy.blahaj.zone 11 points 10 months ago

Mutually Assured Destruction

[-] Fredselfish@lemmy.world 12 points 10 months ago

My dad gets a kick out of hearing how bad the environment is. He literally wants the world to die with him. I think most boomers feel that way. I think they truly would love the word to be nucked. They don't give two shits about any other generation. Thats why they don't care about climate change. They truly so selfish that the world should die with them and we all suffer.

[-] BlameThePeacock@lemmy.ca 10 points 10 months ago

The easy answer is by spending all their money before they die so that their kids/grandkids don't really have an inheritance.

[-] blargh513@sh.itjust.works 4 points 10 months ago

This works for me. My dad died when I was 19 and I got a little insurance money, but he left his significant estate to his 2nd family. Fucking pos, burn in hell.

Wife's dad died a few years later. Left her a little, but when you're 20-something, you have no idea how to manage it. Had a relative help manage it, she did a great job of picking losers so it slowly dwindled down to very little in about 10 years.

Wife's mom was an invalid ward of the state, we had to pay for a bunch of her expenses. No insurance or assets to speak of, all her shit went into a dumpster as most was garbage.

My mom is left and shes never met a dollar she couldn't spend. My brothers and I are giving her money and food so she can stay in her house, but its in a shitty neighborhood and has many stairs. She has already said she won't go into a home, I guess that means one of us has to take her in. She has lots of ugly old Ethan Allen furniture that she thinks is worth a fortune, but its just ugly old furniture.

All we got from this was a little money when we were too young to manage it and expenses from anyone left.

I am so envious of friends who have parents that put something aside for them. They will have an actual retirement. I will be working until I'm old as shit.

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[-] Hello_there@fedia.io 10 points 10 months ago
[-] notsure@fedia.io 9 points 10 months ago

...privatization of social security...

[-] xenomor@lemmy.world 3 points 10 months ago* (last edited 10 months ago)

This is the correct answer. And, they’ll do it so that it kicks in only for people younger than them.

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[-] blarth@thelemmy.club 9 points 10 months ago

They’re spending all of the money that might go to our inheritance on themselves, but mostly because the medical system has figured out how to extract all of their money from them when they are near death through hospice care, assisted living facilities, and other means.

[-] Tollana1234567@lemmy.today 7 points 10 months ago

they already did, decades ago. consistently voting with the republicans. like 1-2 generations ago, when they went with reagen, and then again with BUSH as the final act.

[-] Archangel1313@lemmy.ca 7 points 10 months ago

Blocking all progress on climate change in order to squeeze every last ounce of profit out of the fossil fuel industry...and then watching the world burn from their private orbital habitat.

[-] uhmbah@lemmy.ca 7 points 10 months ago

Corporate slavery. Indentured indefinitely.

[-] mavu@discuss.tchncs.de 7 points 10 months ago

climate change.

[-] AngryCommieKender@lemmy.world 7 points 10 months ago

The Me generation has already pulled the ladder so high, that most of Gen X never made it onto even the bottom rung.

Their parents named them The Me Generation. They tried to stick that label on Gen X, not realizing that they didn't have enough of us for us to ever be relevant.

The Greediest Generation will be taught about, as the people who were so shortsighted they sold out themselves and their next 5 generations of offspring.

[-] Blackmist@feddit.uk 6 points 10 months ago

Nuclear war

[-] bradorsomething@ttrpg.network 6 points 10 months ago

All their estates are going to healthcare bills.

[-] Geodad@lemmy.world 5 points 10 months ago
[-] AlecSadler@lemmy.blahaj.zone 3 points 10 months ago

My cousin's neighbor got screwed by this. Thought he was inheriting the home et al - turns out the bank is coming in to take the home unless he can come up with a chunk of money he absolutely doesn't have. Now he has to unexpectedly move.

[-] Two_Hangmen@midwest.social 4 points 10 months ago

In the U.S., project 2025.

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[-] infinitevalence@discuss.online 4 points 10 months ago

Firing the FED chairman and putting a political appointee in his place. It's kicking the ladder out from underneath you while you hang yourself with Epstein's rope.

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[-] Brkdncr@lemmy.world 4 points 10 months ago

Figure out a way to live an extra 10 years so any money they have left goes right into the healthcare system never to be seen again.

[-] markovs_gun@lemmy.world 3 points 10 months ago

Climate change, although the younger generations aren't doing much to help with that either.

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this post was submitted on 01 Aug 2025
39 points (88.2% liked)

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