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Updated over 4 years ago,

User Stats

262
Posts
230
Votes
Mike Terry
Pro Member
  • Investor
  • Fort Myers, FL
230
Votes |
262
Posts

a look into the future

Mike Terry
Pro Member
  • Investor
  • Fort Myers, FL
Posted

Hi BP Community,

I stumbled across this article this morning and I started to think about the impacts of these trends.  One of the things I really like about bigger pockets is the concentration of Younger, be it Millenial or some other generational designation. It's worth the quick read. https://www.marketwatch.com/st...

My sense is that the backlash that is starting to emerge toward landlords, entrepeneurs and anyone who has proven economically/financially successful my not be as popular here as it appears to be in the greater populations in these generations.  These forces and factors will have an impact on all aspects of the country,  Here are some I have thought off: continued backlash against landlords, moves to redistribute generational wealth through taxes, elimination of Social Security and medicare etc.  

I remember attending a Black Lives Matter March earlier this year at the urging of my mixed race daughter (for the record I am biracial) and listening to one young man shout "Eat the Rich".  Not sure how this sentiment was related to the cause I and my family were there for.  I don't think this is a pervasive view, but I do think a generation that has been left behind in many ways economically will soon have the numbers to impact the direction of our nation. I just thought this topic might spark some interesting conversation.

  • Mike Terry
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