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Posted on 10/28/25 at 4:01 pm to Mingo Was His NameO
quote:boom in 1999 and bust in 2001...
Gen X got the dot com boom
Posted on 10/28/25 at 4:02 pm to lsupride87
quote:
Young people today would love a 1500 sq foot house
Posted on 10/28/25 at 4:03 pm to Ingeniero
Starbucks is just an example of dumb spending if you want to save for a house.
Posted on 10/28/25 at 4:03 pm to lsupride87
quote:
The American dream of anyone being able to build wealth through going to college anffordably and owning a home early in life is pretty much dead.
It’s a damn shame
The problem is it’s almost impossible to the average young person to actually build wealth. They can get by day to day, and there is certainly an issue with all demographics consumer spending, no one has argued otherwise.
But when you come out of college (with a good degree) if you are responsible and have any help from your family at all, you’re likely looking at $30k of student loans at a minimum. You move to a city to make $65k ( a good job), before you save a cent you have to satisfy your student loan payment, high health insurance costs, high rent, hope you were afforded a car that won’t have to be replaced or worked on for several years.
So now you’re 28 and been promoted and make $90k. You’ve been responsible and saved $30k over those 5 years. Houses in within an area of where you work and where your friends live (you’re 28 it’s ok to want to be social) are $350k for 1500 sq ft that’s probably ghetto adjacent and hasn’t been updated in 25 years.
You can’t afford it, but even if you tried, you better now really hope your car is all good, you don’t want to have a kid, and you’re wiping out everything you’ve saved to this point to be house poor and a 45 minute commute each way if you’re lucky.
That shite is defeating as frick and I get it. Asking if you want to have a soul crushing commute or get married and have kids by 32 is a shitty thing to have to choose between
This post was edited on 10/28/25 at 4:06 pm
Posted on 10/28/25 at 4:03 pm to lsupride87
quote:
I just said Millenials had it worse
Again, I am in the middle so I don't see it as such. I think both generations are pretty much equal. I admit that looking at all of my millennial cousins, who are all doing well except for one, it skews my perspective more. I just don't see a very large gap at all.
Posted on 10/28/25 at 4:05 pm to DrrTiger
quote:
DrrTiger
quote:
As of 2023, first-time Gen Z homebuyers purchased the smallest homes of any generation, with a median size of 1,480 square feet.
You are welcome for the education
This post was edited on 10/28/25 at 4:06 pm
Posted on 10/28/25 at 4:05 pm to stout
Posted on 10/28/25 at 4:06 pm to stout
quote:
Again, I am in the middle so I don't see it as such.
You also don’t think living a half mile away from the hood is a big deal (for other people of course)
So you don’t get to have a valued opinion
Posted on 10/28/25 at 4:07 pm to lsupride87
quote:
You are welcome for the education
Weird, considering you just said that exact thing didn't exist.
Posted on 10/28/25 at 4:10 pm to DrrTiger
quote:
Weird, considering you just said that exact thing didn't exist.
Inventory of those homes are low and what is available is scooped up by all cash boomers for tear downs or entities for rentals or rebuilds.
The scraps are left for young people (which is why they’re all renters)
Sometimes it’s hard to remember you have to explain everything here like you are talking to a toddler
Posted on 10/28/25 at 4:14 pm to lsupride87
quote:
As of 2023, first-time Gen Z homebuyers purchased the smallest homes of any generation, with a median size of 1,480 square feet.
You are welcome for the education
Back in 2006, I built a few subdivisions and houses of nothing but starter homes. They were around 1400 sq ft heated with a 1-car garage and all vinyl siding. My gen at the time, Gen X, were first-time home buyers and they snatched those houses up
Judging by this stat, not much has changed.
Here is one I built and sold for $120K
LINK
This post was edited on 10/28/25 at 4:20 pm
Posted on 10/28/25 at 4:16 pm to DrrTiger
quote:I said affordable
Weird, considering you just said that exact thing didn't exist.
Let me educate you again
quote:
The median price for a Gen Z first-time home purchase varies significantly by location, with reports showing lower-priced markets having median prices under $270,000
So, in a lower price market the median price per square foot for a freaking 1,486 sq foot house is $181 a foot
That’s insanity
This post was edited on 10/28/25 at 4:17 pm
Posted on 10/28/25 at 4:18 pm to xXLSUXx
This should be the only thing posted and the thread should be less than a page
Posted on 10/28/25 at 4:22 pm to Mingo Was His NameO
quote:
You also don’t think living a half mile away from the hood is a big deal (for other people of
Boomers don’t want to tailgate on the same campus that has cultured but expect people to want to live in it
Posted on 10/28/25 at 4:24 pm to LSU1SLU
quote:
tell me boomers dont have these exact spending habits?? TF yall boomers are weird AF
This is the issue in a nutshell. I am not a boomer but I am a early Xer. People my age and older have been through the wealth-building phase if we made good choices, and yes, sacrificed we have are at the end of our wealth-building phase and we can reasonably spend money on "frivolous" things.
The idea that as younger people you can have the same spending habits as a boomer is an indication of your twisted expectations in life. tOT is good about telling poors to make better choices in life but has an issue telling younger people with decent jobs that the same thing applies to them.
BTW I am not saying the silent gen, boomers, Xers and even millennials couldn't have been better stewards of the country including its economy but we all played the hand we are dealt and it simply wasn't as easy in the past as younger people think.
Posted on 10/28/25 at 4:25 pm to Mingo Was His NameO
quote:
And the people over 45 spend hundreds (thousands) on their kids athletics than the under 30 don’t.
that's because people under 30 can't afford kids
Posted on 10/28/25 at 4:28 pm to Mingo Was His NameO
quote:
That shite is defeating as frick and I get it. Asking if you want to have a soul crushing commute or get married and have kids by 32 is a shitty thing to have to choose between
Then when you have kids, budget ~20-30k for daycare and prey the school zone you are in isn’t complete shite
Posted on 10/28/25 at 4:28 pm to lsupride87
quote:
I said affordable
You said Gen Z would buy small houses if they were affordable, and then said nobody is buying as many small houses as Gen Z.
If they're buying them, by definition, they must be affordable.
Posted on 10/28/25 at 4:29 pm to Obtuse1
quote:
The idea that as younger people you can have the same spending habits as a boomer is an indication of your twisted expectations in life. tOT is good about telling poors to make better choices in life but has an issue telling younger people with decent jobs that the same thing applies to them.
That’s not what they’re saying. They’ll say don’t have Netflix (that’s $8 a month), but they were in a bowling or dats league when they weee the same age. Young people have always spent on leisure, as they should, they’re young
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