"Oh and one more, watching this video with a smug face, from the holiday house, paid for ... with my super" 😘 Tix, merch and more 👉 linktr.ee/jimmyrees #boomers #babyboomer #okboomer
My mum wants to tell you that interest rates were actually 22% when they bought this house for $27000 which is now worth $1 million, but she doesn't know how to make a comment on this tv video tube thingy 🤣
I remember interest rates being 17% in 1989 but tbh I didn’t know anyone affected. Everyone I knew was either too young to have thought about buying a house or too old!
The thing few people understand about interest rates is that before currency essentially became fake, it was backed by gold and hence in limited supply. In boom times everyone wanted to borrow, especially businesses. So… interest rates had to go up to encourage savings deposits - which could then be used for loans. So high interest rates was a positive sign. It also automatically controlled house prices (lowered them during boom times). These days the US federal reserve issues trillions each year from thin air. This is then handed to banks for almost nothing, they then hand it to other banks (like Australia’s) who make a fat profit off lending it. As banks have all the money they need, they have no incentive to encourage deposits. Btw, all this extra cash in the system lowers real wages and inflates assets prices. This mostly benefits the rich. And as a bonus, interest rates go up due to inflation. lovely. It’s also funny we don’t measure real inflation (described above) we measure the price of goods…. ps. I’m a millennial 🧐
Knowing how to: knit, darn, sew, fix a bike puncture, make gravy from scratch, read a map, borrow a book from a library, etc, etc - and feeling uncomfortable being described as ‘cute’ by a millennial for having these skills
Thanks Jimmy. Having been born on the cusp, I've never really been sure if I am a Boomer or Gen X. Now I can definitively state, I'm a elder Gen X and not a baby Baby Boomer.
Reckon the should cut boomers off at the last year that got free uni, tbh. Everyone else got saddled with debt before they even had a job. One of the biggest signs of a boomer is that they look after themselves.
Omg this is the best one yet!!!!! I am dying!!!!!!! I laughed so hard my husband came in to check if I was ok because he thought I was crying! 😂😂😂😂 the best! I’m just going to watch this on repeat!
3:40 I experienced this a few months ago…due to the network upgrade, my father had to get his first smartphone…my 25 year old sister was getting increasingly frustrated at him not being able to grasp “simple concepts” we take for granted…thing is, her frustration was getting his ire up, and as he got ore frustrated, so did she in turn… I diffused the situation quite effective,y by calling out “don’t complain about him not getting such concepts so easily…after all, he had to teach both of us how to use a TOILET and a SPOON” She settled right down after that
Theres really two kinds of boomers IMO. Ones that vote for the LNP and ones that vote for the Greens and they are quite different. Lots of this would be relevant to both though.
@@MichaelJeffrey I'm not sure if you are being sarcastic...... I'm by no means a greens voter, but Greens got 1.8 million votes which is about 1 in every 8 people voted for them. The Nationals got half a million.... The joke doesn't really work.... if it was a joke.
@@JustinWatson23 that's because the nationals claim to be the party for farmers but they let miners/ frackers take over pastoral land & fight any action on climate change. Apart from calling for funding for rural areas they're the worst party for their own base.
About 5 years ago my daughter asked me why the pantry and freezer are always so full."I'm preparing for the zombie apocalypse " I told her. FF to 2020😱
Jimmy! You forgot the "I saw (fill in 70's rock band) LIVE!" Comment .... or "that song is a cover, it was original in 197X, sung by XYZ band, I saw them LIVE!" 🤷🏼♀️ imx.
Dude!!! Do not stop these. Just pure gold. You need to be Australia's Next Rove, with a TV show (without an absurd amount of owls with non-left and right oven mitts for wings.... seriously...did the ABC buy a huge box of 'lefts' from on overseas hospitality supplier?) Jimmy you are super talented and I really can't wait to see you explode into the lime light here in Oz!! Get this man a show!!!!
"Knowing how many kilometres to the litre out of your car" should be "Knowing how many miles per gallon you're getting out of your car" Source: Boomer parents.
This deserves a part 2. There's a wealth of Gold here. Free education growing up - check; free healthcare - check; the phrase "If they can afford avocado on toast, they can afford a house"; an attachment to the Howard/Costello years; an attachment to the Hawke/Keating years; the phrase "dole bludger"; spending the kids inheritance on retreats to 'find yourself'; retreats..............................................................................................................workshops......................................................................................................................🙂
I love having that conversation about the interest rates lol. Yup 18% but houses weren't 20 times your yearly wages and cost of living wouldn't be half of it is now even with inflation 🤣👍🏽
@@annmareefromtaree us too! Hubby and I never had a caravan, only had one holiday in all the time our three kids were growing up, and pretty much lived in dog boxes because we couldn't afford to buy a decent house. Not all boomers are wealthy by any means.
Houses in the 80s in my area would have been lucky to be 80k and wages for my line of work back then would have covered that in 4 years. Now my area for a little 2 bed cottage is over a million and I dont earn a million in 10 years 🤣 Mathematics tells you boomers had it alot easier. Majority of boomer families had only 1 income that was sufficient to feed a family and buy a home, now both parents have to work just to make rent 🤣
Hilarious as always🤣but NOoo.....Jimmy😯!!! If Holiday house, paid for by working our arses off🙄& saving every cent to one day pay off loan‼️SO Children & Grandchildren had somewhere to have a holiday.YEP❤stayed home & raised our Children,NOT childcare.ALSO...NOT hols O/S or cruises ever😢.ps.loud music at ALL times👍.Iove these🤣🤣
Oh my God Jimmy you’ve nailed this one 💯My parents smelling everything first, calling the remote a clicker and the back in my day lectures. Love your work. BTW I’m tech support too.😂
Gen X here, supervised for a normal amount of time as a child. Any Boomer would agree. 1 month school camp, 2 months at grandparents, 1 year exchange. I’m alive aren’t I?
😂😂😂 Thanks again Jimmy! I bought Mum a 5000 piece puzzle recently. I think she just finished it before they took off on their current trip in their caravan!😏
Loved it….I’m a boomer (only just, born in the last year) I had kids when I was young and they are all tech savvy, so luckily that part doesn’t apply to me as they taught me well……. Also most women of that era can type using all our fingers as touch typing was pretty much compulsory (and you soon learnt or got rapped over the knuckles with the ruler )….. the 18% interest made me crack up as we bought our first house just before the rates soared and got caught out….my poor kids hear about this all the time 😂😂😂😂….. love the phrase “back in my day” ….. already spending the kids inheritance (but on them, as they need it now not when I’m gone)…. I’m not at the seniors card age quite yet, but I’m looking forward to it….. am really enjoying the POV series….thanks for the laugh
You're like some Xennials (born very early 80's) but there's more than a few like you born after 60 that feel this way. Filmmaker Richard Linklater is one of them.
These must be the ‘other’ boomers. Can’t relate to most of it. I don’t do facebook and I have never watched sky news. Not once. I am an enemy of the Murdochracy. Have no house, assets etc, but I might end up in a caravan except that my hybrid car can’t tow one 🫤 I do have a wallet phone case though. I have lots of cards to prove I’m old and pitiful.
Who designed and created computers? Who designed PC's? Who created Microsoft ? How old are Bill Gates? and Paul Allen when he died in 2018? Oh they were baby boomers
Spot on, Jimmy! My parents, grandparents and other relatives were like that. Though a few other ones were "when I was your age...", "when I was your age, we didn't have a choice but to work on the farm, do chores and find any kind of work" and having a million steps to getting to school "Well, when I went to school..."
Spot on Jimmy except it was miles per gallon. Regarding the 18% interest rate back in the early 80's , wages were around $300 to $350 a week and my mortgage repayments were $600 per month and $540 of that was interest with only $60 coming off the principal loan per month and working my guts out and thinking WHY ! Married with 3 kids at the same time Too. STRESS like you would not believe . Housing crash on it's way, just a matter of time I'm afraid. Cheers Baby Boomer. 👍🇦🇺🍻🥂
Yeah, what you said. Plus, our houses didn't cover the entire block, have at least three levels and four bedrooms (all with en-suites), a theatre room, wall sockets for vacuuming, all brand new appliances, and kitchen tops for which three process workers died. (Don't know how to do emojis)
@@tacitdionysus3220 And didn't need RC Aircon because we used fans or heaters, put on extra clothing, planted trees and bushes to help provide shade and clean air!!🙂
@tacitdyonsis you boomers brought your millennial kids up with the wrong set of priorities. Greed and selfishness are your guiding 🌟 stars . The earth will pay as will the millennials multiple children. They breed like rabbits as the welfare is too good.
Sure wasnt easy as they think. We had to work our arses off to pay for our house and the good lives and education we gave our kids cause we wanted them to have all the things we didnt have, growing up in the 50s and 60s.
Jimmy, You hit the mark on this one. All of your comments are correct for myself except I hate caravans and I know more about technology than many of the young ones. You also did not mention the Bank of Mum and Dad or being conscripted to go to Vietnam.
I thought I was a Boomer, but apparently not according to this. I do my own tech support and I like my music hard and loud, don’t have a caravan or franking credits, I’ve failed my generation!
When I was your age I had to walk twenty miles to school in the snow without shoes uphill both ways just to get to the bus stop for the bus to the bus stop for the bus to school all before sunrise while carrying my little sister on my back and all my school books tied together with string and carrying a lunch pail
Ha! As a boomer (well and truly) I can see a bit of it, but I'm tech support for my kids, I'm a SWE at Google (look it up) so I was LOL-ing before you were born and I've forgotten more about computers than most GenX have ever known, and yes interest rates DID hit 18% just after I bought my house, and going for a sail after school in a friend's boat unsupervised was a thing. "Why are you home? Go out and do something!"
