re: I think people need to accept that the housing window has closed

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Culturally, shouldn't we look at that fact and go "that's probably not great"? Shouldn't we look at the idea that a single income family can't live in a decent community with reliable schools and have access to a lot of career paths and go "this isn't what we want"?

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Yea, this is what I find baffeling about these threads when those that come in with the " just deal with it" attitude. It is so odd that pointing out that we have created a very unsustainable situation and one that long term is not good for the country as a whole, especially with our already rapidly declining birth rate. It shouldn't be controversial to point out that the burden to homeownership has significantly gone up over the last decade and we need to probably figure out a way to reverse that trend somehow because long term it is not a good thing.

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Yea, this is what I find baffeling about these threads when those that come in with the " just deal with it" attitude. It is so odd that pointing out that we have created a very unsustainable situation and one that long term is not good for the country as a whole, especially with our already rapidly declining birth rate. It should be controversial to point out that the burden to homeownership has significantly gone up over the last decade and we need to probably figure out a way to reverse that trend somehow because long term it is not a good thing.

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It’s like they think every young person is like the profile of some fringe outlier they read about on Outkick.

Most people just want a decent house in a decent neighborhood and raise their kids

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You can't finance? If you have decent credit you can put down 10% or less and start paying towards owning the house.

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...that is factoring in financing...

If they go the 10% route, they are affording a roughly $250k home, ~$160k below the median home price, but yea they get there in 3 years instead.

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I mean, and it probably is sustainable, just not in the way any of us should want.

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Yea, that's fair. Sustainable may not be the right word to use, as ultimately people will adjust, and frankly they already are. They will just rent. With how prices are now, the math works out that "can" be a better route anyways, but depends greatly on some variables.

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I definitely concede that 25 year olds blaming their plight on boomers isn't helping/honest, but neither is pretending the world isn't radically different on this front.

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For sure. The blame game is unproductive and does nothing.

The housing market is retarded to say the least. My first home was 1600 sqft in Chelsea, AL. For those that do not know, the only way you're getting downtown before 8 is to leave at 6:30 - dog arse commute if that's how far you have to go (luckily I only had to go halfway).

2018 - home built and sold for $205k.
2020 - home sold for $235k (thats me)
2025 - home sold for $306k

In 7 years, a basic arse 3/2 1600 sqft starter home was at +$101k for the original sale price. It's also a Horton home so that makes it even worse. Sure, Chelsea is a desirable area (descent schools and not a lot of rif raff) but that is absolutely fricking retarded that we sold our house for that much.

I can't complain too much because it allowed us to move up in size to 2550 sq ft with a bigger yard. What was priced at and was considered a "starter home" with a long commute to Birmingham is $300k+. Makes zero sense, however, I'm living out my basic white dad suburban dreams though with a two story home, basement, and a John Deere riding lawn mower.

Chelsea, Alabaster, Helena, and Pelham still have some affordable sections with solid schools but its declinging. If you want affordable and closer to downtown you are either living in Irondale, Leeds, Moody, which do necessarily have the best reputations if you're raising kids.

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, but yea they get there in 3 years instead

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Seems about right.

If they really buckle down and save they can likely do better.

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Seems about right.

If they really buckle down and save they can likely do better.

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Pretty wild watching someone argue that its reasonable that the max home someone can realistically afford making the median household income is $250k putting 10% down and that "seems about right"

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You sure seem to. Can't seem to grasp a simple fact like the downpayment requirements for new home buyers now is significantly more than in the past as a percentage of income. That isn't "woe is me", that is pointing out a reality of the current housing situation.

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No I can grasp the fact that they are higher. I can also grasp the fact that entry level pay in most professions are significantly higher than they were when I entered the market.

I also understand the fact that young people I work with are buying houses today. If you're not then it's on you to figure out how to save up to buy a house instead of wallowing in the loser mentality of "I can't."

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Gen Z seems to be the first generation since boomers to accept that they will have to buy fixer-uppers as their first home

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Will build character.