A particular weird type of assert that obsesses people of a particular generation. Enthusiasts of this investment evangelically promote it to other people to pump up the value of their portfolio, but it is a risky game for newcomers. The total supply of the asset is fixed. There is no chance that newcomers can buy at the crazy cheap prices of the earlier generation. If you buy in now, you will need to concentrate your savings in highly leveraged and risky investment. But you mention this fact to the enthusiast and they simply continue to boomersplain it to you. Yes, we are talking about *real estate*.
You young people think the crypto crash is new and exciting. But we have been crashing the real estate market for decades. You could say that mortgages are boomer bitcoin.
— My uncle just bought a second holiday house in Thailand and his kids are paying him rent on the family home.
— I know right? He’s going to HODL that boomer bitcoin.
— Yeah bro! And he keeps on trying to get me to invest in these weird mortgages I haven’t even heard of and can’t afford.
— Don’t worry, we’ll get property one day I guess, if we can get to the moon
— Oh man aunt Joanne wants me to invest in a condominium with her.
— Bro! Steer clear of that boomer bitcoin.
A boomer is a person over the age of 55. It is usually associated with tik tok/Facebook memes of people using the phrase ‘ok boomer’ it is used to make fun of or sarcastically target the older generation.
Old person: ‘kids are always on technology these days, they don’t know what is going on in the world, they are destroying it’
One who has such substantial skills in both medicine and engineering that they can dare to combine them to form an entirely new type of profession. They deal with any device applied in the medical world and work on advancing technologies such as tissue engineering (the growing of artificial human tissue for implantation on other humans.)Basically, heroes in the modern world.
"Did you see that biomedical engineer? Hes got to be the sexiest godlike figure of our time."