Empty Investment Properties Just The Boomer Equivalent Of Nonna Covering Her Good Furniture In Plastic

EFFIE BATEMAN | Lifestyle | CONTACT

A study on generational trends has found that owning multiple empty investment properties is the boomer equivalent of the Silent Generation’s obsession with covering the “good room” furniture in plastic – technically theirs, but practically unusable.

For those unfamiliar, the “good room” refers to a second living space, typically found in the homes of Eastern and Southern European immigrants, where couches were wrapped in plastic, fine china gathered dust in cabinets, and entry was strictly reserved for “fancy occasions.”

Stepping foot inside as a child was a one-way ticket to the walloping of your life – enough to keep you hovering at least a metre away at all times.

In fact, reports suggest that Gen Z is the first generation to avoid owning things they can’t actually use, with millennials just scraping by with pristine Barbie dolls their parents refused to let them take out of the box or, for the older bogan millennials, the untouched Holden sitting in the garage.

More to come.