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Stats don't indicate a good trend for America and your children
Posted on 8/21/25 at 7:44 pm
Posted on 8/21/25 at 7:44 pm
Posted on 8/21/25 at 7:46 pm to Smeg
30 year olds also look like 25 year olds today. We are aging slower and growing up slower. People aren't married until 35 now. You don't start to build wealth until you have 2 incomes. I saw it with my own life. I was in debt in my 20s. I got married in early 30s. I'm now rich in my 40s.
Posted on 8/21/25 at 7:49 pm to Smeg
Well, when you have $100k in college debt and a degree in Philosophy then your options are not there.
Posted on 8/21/25 at 7:50 pm to blowmeauburn
I was married and we bought a home at 31.
I’m 34 now
I’m 34 now
Posted on 8/21/25 at 7:50 pm to Smeg
In 1950 there were more than 12 marriages per thousand people. Today there are barely five
Posted on 8/21/25 at 7:51 pm to Smeg
If you’re getting married later it’s more difficult. If you’re single and 30 it’s tough…as it always has been to buy a house on a single income.
Posted on 8/21/25 at 7:52 pm to Smeg
Boomers will beat off to that.
Nothing makes them prouder than buying a home for 60k that’s now worth 1 million. And they earned it from having an average job for 40 years and playing golf every weekend. Don’t you ever forget they were the real hard workers!
Nothing makes them prouder than buying a home for 60k that’s now worth 1 million. And they earned it from having an average job for 40 years and playing golf every weekend. Don’t you ever forget they were the real hard workers!
Posted on 8/21/25 at 8:09 pm to deltaland
quote:
I was married and we bought a home at 31.
I’m 34 now
same but I was 30 when we bought a home and now I'm 33
Posted on 8/21/25 at 8:14 pm to Smeg
This is why we have been voting for a MAGA renaissance.
Posted on 8/21/25 at 8:15 pm to deltaland
quote:What? You"re that young? Thought you were about 45 or older.
I’m 34 now
Posted on 8/21/25 at 8:18 pm to Smeg
Me and the wife bought our first house in 1991, the location was Belton MO. it was a brand new raised ranch on a .35 acre lot with 1350 square feet finished and another 450 feet unfinished in the basement, the rest of the basement are was a two car garage, it cost $67K. Our 30 year mortgage was for around $62K with PMI and an interest rate of 9%.
This^^^^ was considered a starter home in 1991, there were a lot of these size homes on the new house market in the 80's-90's
Currently in Missouri it's hard to find a new home with 1200-1500 square feet and a basement for under $250K. They're hard to find because most builders aren't building new houses in the 1200-1500 sq/ft size.
Most new homes are in the 1700 sq/ft and larger with a starting price over $350K. The new market for young couples isn't small starters homes, it's all inclusive rental in over priced apartment complexes. One of my married nieces lives in the City Market area in downtown KC and they are paying $2000/month for a two bedroom 1300 sq/ft apartment. They want to buy a house but they want that $400-500K 2000 sq/ft home with a 30 year mortgage at 3% and 5% down......that's a problem. They might want to set their sites a little lower and work up to that 2000 sq/ft home after living in a more modest home for 5-7 years.
This^^^^ was considered a starter home in 1991, there were a lot of these size homes on the new house market in the 80's-90's
Currently in Missouri it's hard to find a new home with 1200-1500 square feet and a basement for under $250K. They're hard to find because most builders aren't building new houses in the 1200-1500 sq/ft size.
Most new homes are in the 1700 sq/ft and larger with a starting price over $350K. The new market for young couples isn't small starters homes, it's all inclusive rental in over priced apartment complexes. One of my married nieces lives in the City Market area in downtown KC and they are paying $2000/month for a two bedroom 1300 sq/ft apartment. They want to buy a house but they want that $400-500K 2000 sq/ft home with a 30 year mortgage at 3% and 5% down......that's a problem. They might want to set their sites a little lower and work up to that 2000 sq/ft home after living in a more modest home for 5-7 years.
Posted on 8/21/25 at 8:25 pm to Smeg
Those houses in the 60s and 70s were 1,200 sqft.
Posted on 8/21/25 at 8:32 pm to texag7
quote:
Nothing makes them prouder than buying a home for 60k that’s now worth 1 million. And they earned it from having an average job for 40 years and playing golf every weekend. Don’t you ever forget they were the real hard workers!
If you're pissed off about this, just wait until you figure out it's boomers selling you $1,000 Taylor Swift tickets while they got to see Led Zeppelin at MSG for $10.50.
Posted on 8/21/25 at 8:42 pm to Smeg
total homeownership is still near 65%,
our record high was 66% in 2004
our record high was 66% in 2004
Posted on 8/21/25 at 8:46 pm to Bass Tiger
You go from posting this:
The starter home is already unreasonable at 1700 sqft for $350k.
quote:To then posting this:
Currently in Missouri it's hard to find a new home with 1200-1500 square feet and a basement for under $250K. They're hard to find because most builders aren't building new houses in the 1200-1500 sq/ft size.
quote:
They want to buy a house but they want that $400-500K 2000 sq/ft home with a 30 year mortgage at 3% and 5% down......that's a problem. They might want to set their sites a little lower and work up to that 2000 sq/ft home after living in a more modest home for 5-7 years.
The starter home is already unreasonable at 1700 sqft for $350k.
Posted on 8/21/25 at 9:52 pm to SquatchDawg
quote:
as it always has been to buy a house on a single income.
Umm ackshually… everything used to be bought by a single income- the income of a happily married man. We had it all.
This post was edited on 8/21/25 at 9:56 pm
Posted on 8/21/25 at 9:56 pm to texag7
That chart shows its a little more than just boomers.
Posted on 8/21/25 at 9:59 pm to SquatchDawg
quote:What?
If you’re single and 30 it’s tough…as it always has been to buy a house on a single income.
That was the standard for decades.
Posted on 8/21/25 at 10:03 pm to Smeg
Three of my four children owned their own homes by the time they were 28. The fourth lives in a rent controlled apartment in L.A. and has no intention of buying a home, but she and her husband could have easily. They are all in their 30’s now.
Posted on 8/21/25 at 10:16 pm to Smeg
One thing nobody ever talks about in these discussions is that in 1950, 40% of the population lived in rural areas and only 60% lived in urban/suburban areas.
Now that ratio is 20% to 80%.
Houses are significantly more expensive in urban/suburban areas and that has always been the case.
Now that ratio is 20% to 80%.
Houses are significantly more expensive in urban/suburban areas and that has always been the case.
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