I spend a lot of time hearing 50+ year old economists say, falling home prices will create financial instability for a generation...

... and I spend a lot of time explaining, instability for a generation is already here. You just don't care, because it's not your generation.

2/ Millennials are the first generation in history to serve as a funding mechanism for a previous generation, at scale.

Want to know what young people with only a moon shot at a future looks like? @wallstreetbets.

They'll make money, or blow up your pension trying.

3/ We also think of all of this as normal, but it's a really big experiment.

Retirement didn't exist at scale for people before Boomers.

WEF projects global pensions will face a short fall of $420 *trillion* by 2050.

Retirement might not exist for Millennials.

4/ Big carrot dangled in front of Millennials.

One day they can own a home big enough for a family, and retire. The math is 54 years old in Vancouver for that home.

At least they'll get a pension at 65. 67. 75. Okay, 85 for sure. Just keep paying Boomer pensions now.

5/ I'm not saying Boomers planned to mine the labor of Millennials.

I think they have the sweetest deal in history, and can't tell the difference between luck and work. They assume Millennials will get the same.

Except, you know. They set the world on fire to save on gas money.