What's the REAL Story Behind SILVER SQUATTERS?

[@PalmBeachesPaul]

BEST WAY TO CONNECT WITH ME AND GET MY FREE UPDATES ON SOUTH FLORIDA REAL ESTATE.-bit.ly/3V5p2QY

[@PalmBeachesPaul]

Hey everyone. I said baby boomer and I meant Generation X at the 3:00 mark. Very sorry and thanks for the correction, ugg!

[@TheBluePetra-cp5rw]

I'm Gen x, went back to college to get a Bachelors but no one is hiring - at least not me. It's probably because I'm an older woman. This world is extremely ageist against older people. By the way, it used to always be like this - families all living together and I wish it were still like that. This is not a NEW trend. It used to be this way years ago. My husband's parents refuse to live with us, so my husband has to continually once every two weeks, drive 2.5 hours to go take care of them and their needs because of them having top notch health insurance, they are living well into their nineties - mind you, living but not capable of doing much. Additionally, no one can ever TRULY plan for retirement. For example, my husband's parents planned but because of technology and health care, they are living past their savings. None of us knows how long we live or what will happen. This is why family is important. But most importantly, Jesus Christ, God's Holy Word and Son is the most important. I have no children to depend on in my older years, but I have strength through Jesus Christ that gives me all I need. Faith over Fear.

[@PalmBeachesPaul]

thx for watching

[@commonsense6967]

I'm a 73 year old in N. FL, and my home is on nearly an acre in a city that changed it's zoning code to allow "granny flats" to be built if needed to take in parents. My 3 kids, 2 in their 40's, one in his 30's, have spouses, significant others plus my 3 young grandkids. Do they own homes? No! Two live in L.A. CA and Portland OR, one lives in my city. However, my home is paid for and they don't want to leave the cities they're in. They will need my (and their dad's) downpayment assistance if they ever decide to buy a house where they are. Otherwise, I'd gladly give the ones with a family my house, and build myself the Granny flat! BTW..my mother, who passed in 2012, lived in Lake Worth back in the early 2000's. It was a nice, walkable area near the bay. (Or inlet?)

[@reginacarrithers4454]

Most employers don't want elderly employees working for them anymore either. Catch 22 baby boomers.

[@Flies2FLL]

I'm from 1966 and both of my parents have passed. I can't retire any time soon, but my house is paid off. I won't need support from anyone. For starters, I owned a home for eight years in Orlando, and never paid for cable, I saved my money and used an antenna on the roof. To this day I have never bought a new car and have plenty of savings. Preparation folks-

[@joesmith6357]

Sounds like a life if cheapness .

[@Flies2FLL]

@@joesmith6357 My Porsche is parked in the garage. It's paid off as well.

[@joesmith6357]

@@Flies2FLL keep it in the garage. Just read the crime stats. Whats Having your house paid off have have to do with crime?.

[@Horatio1886build]

Yep😊

[@Flies2FLL]

@@joesmith6357 You make no sense whatsoever.

[@theresehopkins1581]

It's called Regeanomics.... trickle down doesn't work!..... The cuts made in the 80's have come home to roost. Our retirement age got postponed..... our benefits got cut..... our incomes got stagnanted..... Fortunately, us late baby boomers are very determined and we have a great sense of humor!!!❤😂🎉

[@theresehopkins1581]

Silver Squatters! ❤😂🎉

[@rustykatt3870]

Gen Z'rs, Babyboomers, Millennials, and Gen X'rs may have to just continuing to live together. Be careful of society trying to take all your money (and encouraging you to build, build, build)-- just make some walls in your home, put in movable stairs and make it work.

[@Valmontst]

I once talked to some indigenous Mexicans, who were doing construction work near my office building. They told me that in the Mexican towns they grew up in, it was common to eat iguanas. I think they said they used to barbecue them. So, Paul, you might want to start looking for some good recipes! 😉

[@rustykatt3870]

I hope builders don't seize the opportunity to try to sell homes that are 1 - 2 million dollars. Society will be back where we started from cost-wise and debt-wise if we fall for that. If people want to make their homes accessible for 1 - 2 more generations- do it in the existing space. Municipalities are trying to increase densification, so it may work. Good luck to us all. ✨🤞✨

[@juliancarroll1129]

A Tudor style home??????

[@PalmBeachesPaul]

That's what the description said from the person who was selling the house

[@Horatio1886build]

Also my grandmother had a " ADU" attached to her garage in the 1950s for her aging mother. Not much new under the sun. People just think it is a new thing. We had a brief period of exceptional growth in standard of living post WW2. But many societal " cost" were not accounted for.

[@tomf9292]

Interesting video Paul. I’m a 1964 baby, I’m a boomer by 3 days..born 12/29/64. I’ll be 60 this yr. My kids don’t have to worry about me moving in. Sad this is happening, lots of people didn’t plan. I love Lake Worth! Headed back in November. My brother lives in a 4 generation home. Wife’s mom, daughter and husband and now grandchild. They all have separate living areas. It’s really not that bad, but not for me

[@joesmith6357]

Talk about the high crime rate in lake worth beach. Google it. Not safe. Hope i dont get mugged talking a outdoor shower😮

[@PalmBeachesPaul]

its fine, there is crime everywhere

[@joesmith6357]

@@PalmBeachesPaul that's a sad comeback Crime is everywhere but that doesn't excuse a high crime rate area vs a low crime rate area.

[@PalmBeachesPaul]

Everyone has to do their own due diligence and decide if they feel comfortable or not in a particular area. I walked all over that place and didn't once feel worried about anything and I'm an old guy walking around with an expensive camera

[@Horatio1886build]

This entire idea of a "retirement" is relatively new. Prior to the 1930s it was an extended family with up to maybe like 4 generations living together. How many people do you actually believe will save 1-2 million before mid 60s

[@annthrockmorton1517]

I am so done with the crazy-high prices in the USA. I'm retiring to Thailand; have sold my house and leave for there in the early Fall. I'll be staying (with my cat) in a cozy seaview studio with a nice balcony, so many amenities (several pools -- some infinity with jacuzzis), well-fitted gyms, coworking spaces, fiber internet, for $1K USD/month; (and that's the Airbnb price!) while I look to long-term rent my own place for more like $500 USD/month for the same type condo. For those wanting homes rather than condos, there are new build 3BR/3+BA pool villas for sale around $330,000 USD, or rent for ~$1K USD. I'm a Boomer whose parents have passed, (no children of my own) so I'll have an eye out for an Assisted Living facility for myself, at some point. Thailand has amazing ones, for similarly affordable rates. The health care there is excellent and affordable. Most condos and homes come fully furnished, or you can furnish your own and they'll knock the furniture package off the price. Just a FYI option for those others out there who are finding it hard to get by on their pensions/SS in the USA. There are lots of KZbin videos to give you a clearer picture about what I'm mentioning. Check 'em out, if you're curious!

[@sue9252]

Wow Paul this is hitting home with me as of lately. I’m so worried about my adult children that are living in the fast lane not thinking in the least about retirement. I can see silver squatters in the future and I don’t dare open my mouth to offer advice. 🤐🙅‍♀️

[@sue9252]

Multi generational homes being built all around me where I live.

[@rustykatt3870]

Hi Sue. Are these multi-generational homes ridiculously expensive or reasonable? Just wondering.

[@sue9252]

The beautiful little cottage home is very much like my first home . Much the same layout including the enclosed front porch with the open windows . Built in 1932 and fully renovated from top to bottom. Love the footprints in the tiles.👍🐾🐾🏡

[@sarahgupton2552]

“Squatters” is how it’s spelled. Gen-X have parents and will inherit from them now or soon. If they are moving back in with their children, it could be to help, theoretically, children as much as themselves. Just as likely, they will inherit homes or money for retirement from their parents. Most HOA communities do not allow extra living units on the same property as the primary home. Maybe in the community you’re talking about, but not most, but if so, what of it? Or used to be that parents lived with their children in their old age. There’s nothing wrong with that and it solves the problem of the housing shortage and the ridiculously high price of homes as well.

[@PalmBeachesPaul]

@sarahgupto thanks

[@Horatio1886build]

That place is adorable and I am not even gay!

[@Horatio1886build]

But if I was G it would be ok of course, some of my best friends are gay. Seriously. I am a big fan of " small homes" I build restore them as well as live in one. Decorating and décor is a huge part of successful execution of the small house concept.

[@Horatio1886build]

I made sure both my parents were never alone and did not have to go to a" old folks home" I moved to be right next to them for the last aprox 15 years of their lives.

[@sue9252]

@@Horatio1886build Now that is filial love! ❤😊

[@ProvocateuAstrology2]

Boomers are not 1965 to 1980.It's a matter of fact.The baby boom generation stops at 1964.And you have the gen why generation

[@PalmBeachesPaul]

I know, I meant to say Gen X😅

[@2legit2Kwit]

1974 and hell no. I will not move in with my kid

[@adriaba790]

Paul, baby boomers were born between 1946 and 1964 !! After that comes Gen X

[@PalmBeachesPaul]

Did I say something wrong? if I did I am sorry.

[@adriaba790]

No worries! Just add tex t overlay to correct👌🏻

[@PalmBeachesPaul]

@@adriaba790 I cant do that once it is uploaded to KZbin or can I?

[@adriaba790]

No idea 😂

[@5054050somd]

Baby Boomers were born from approximately 1946 to 1964

[@5054050somd]

Pls review @ 3 :00

[@adriaba790]

​@@PalmBeachesPaulyou sad boomers from 1965 to 1980 by mistake

[@PalmBeachesPaul]

🤦🏻dang it

[@PalmBeachesPaul]

I'm an idiot

[@bruceang82]

@@adriaba790 you said (sad) boomers by mistake. see how easy it is to criticize.

[@vikkienos6807]

So, is what you are saying is Gen Xer’s “Silver Squatters” are moving into their children’s home “Millenials” ?

[@PalmBeachesPaul]

Some might if they didn't save enough up for retirement.

[@Horatio1886build]

It seems we cannot even make a joke have playful sarcasm or just exercise basic free speech without Google/ youtube thought speech police cutting us off.

[@PalmBeachesPaul]

I got all your comments so far

[@sarahgupton2552]

I wonder what the building code is for those home-like structures. Probably grandfathered. Way over priced, IMO. A lot of inspections by an independent inspector, not provided by the owner.

[@Horatio1886build]

Oh just got censored.

[@dorothy6751]

Yikes

[@TeOriwaWaiariki-qr3ch]

Baby Booners are from the 60s to the 70s then 70s to the 80s are the X Gens 80s to the 90s are the Y Gens 90s to 2000s are the Z Gens 2000s and onwards are the Millennials

[@adriaba790]

No ,not really! Boomers 1946 to 1964 GenX 1965 to 1980 Millenials 1981 to 1996 GenZ 1996 to 2012 Gen Alpha 2012 to 2024 Give or take a couple years ,this is the generation scheme

[@TeOriwaWaiariki-qr3ch]

The 40s were the War Babies.. The Baby Boomers took off from the early 60s into the early 70s then the XGens 70s to the 80s Y Gens 80 to the 90s and Z Gens 90s to the 2000s came the Millennials

[@Iranwar]

Nothing to worry about if the great reset happens