Gen X Hits Another Bump in the Road

I've never understood why people think houses should appreciate in value. Houses don't get "nicer" as they get older.<p>Now, I understand that a neighborhood can become more desirable, or the land where the house is becomes more constrained, but that doesn't apply to every house. I feel like most of America (outside the cities) has plenty of room.<p>I guess that's partly why the housing bubble collapsed? It was based on feelings or something?

I find it hard to sympathize with the tone of this article. Seriously how can anyone feel bad for being born in that wonderful time. Didn't we all live through huge transformative things like the internet (GenX/Y remembers how boring the world was before that), don't we live in the most technologically advanced environment ever? What does it matter if there are less payroll jobs, or more loans when in total we produce more; financial indicators have different meaning in different contexts. That doesn't mean people receive less education, healthcare, leasure time and other things that make people happy less than before! Hell, i wish i 'd been born ten years later, not earlier!<p>The growing income inequality is an issue, i give you that, and the rise of new economies has brought the West to an uncomfortable position, but hey, here's something to work toward fixing.<p>And i know that it's silly, but whenever i hear whiners like that, i can't help but think "grow a pair".

The author appears to either not know how old Gen-Xer's are, or is smoking crack. We entered the job market during the 90's boom, so we were much better employed in our early careers compared to today's grads. We've never had jobs that had pensions, and have been told our entire lives to save for retirement, so we won't "lose" our pensions. The housing boom/bust affected all ages. And we're not quite old enough to suffer from recession-induced early retirement. Nor are we currently retiring and moving our savings into fixed-income investments with historically low rates. I'd say Gen-X has done well in the Great Recession, comparatively.<p>EDIT: I reread the article replacing "Gen-X" with "youngin's", and it makes a lot more sense. Also, we were the last generation that could reasonably work their way through college without loans.

Can somebody tell me who is considered "Gen X"? I thought I was, as a kid, but I believe I might even be too young.<p>Kurt Cobain was in Generation X, right? I was 11 when he died. Where does that put me? What about my 5 year old?<p>The whole idea of distinct "generations" seems wacky to me, but it sure does appeal to journalists.