Why Every Generation Is Blaming Mortgage Interest Rates for Their Financial Decisions and It's Somehow Always Gen Z's Fault
Mortgage interest rates have officially replaced avocado toast as the scapegoat for every financial woe in 2024, and the internet is having a field day. A new viral trend has homeowners in their 40s posting videos of their 2.9% rates from 2021, captioned "Sorry, not sorry," while Gen Z responds with memes of themselves crying into rental receipts. The irony? Experts say the real culprit is a mix of inflation, the Federal Reserve's indecisiveness, and the fact that a starter home now costs the same as a small country's GDP. The funny side? Boomers are now unironically suggesting that young people "just ask their bosses for a raise" to afford a 7% rate, while the same generation casually mentions they bought their first house for the price of a used Honda Civic. The ultimate punchline? Everyone is simultaneously blaming interest rates while secretly hoping for a time machine to 2020.