« Reply #1936 on: Today at 08:04:33 PM »
Very few people of any generation have enough wealth that trying to hang on to it could ever be described as "hoarding".
But there are other things... For example, buying a single family home and then suddenly becoming a NIMBY opposing further local development because you don't want to "change the character of your community". It's 100% rational. It's actually quite rational, because if that development lowers your property values, why in the HELL would you vote for it?
But it ends up restricting supply, leading to overall real estate value inflation, and screws the generation(s) behind you. It's an individually rational decision that, writ large across the entire real estate market, slowly makes it more and more difficult for those behind you to have the same opportunities you had.
And not at all tied to, or unique to Boomers.

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