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re: The age of the median home buyer in 07 was born in 1968, in 2024 it is still 1968.
Posted on 5/20/25 at 2:09 pm to Chicken
Posted on 5/20/25 at 2:09 pm to Chicken
quote:
continue to rent and keep saving to afford a more expensive house in their current area.
that’s the whole point of the fricking thread quote:
I don't think it is a big deal to wait until one is in their 30's to buy their first home.
Economically and socially it’s a huge deal, but you can “feel” however you want
1
Posted on 5/20/25 at 2:19 pm to Mingo Was His NameO
quote:well it sounds like GenZ's (who, again, are no older than 28 year old) are being a little too picky about where they want to live...so it appears that home ownership isnt a priority over other things, given there are options in their current market or in other big cities.
that’s the whole point of the fricking thread
This post was edited on 5/20/25 at 2:20 pm
Posted on 5/20/25 at 2:20 pm to TideCPA
quote:
It's fascinating that people can't simply admit that young people today have it harder than they did.
It’s mainly the zero empathy, psychotic boomers who refuse to accept that they had it lucky as hell and that it is tougher for generations after them. They literally think they were special and better than their ancestors and descendants, and everybody else is just lazy and not as smart as them.
Millennials (like myself) and Gen X largely acknowledge that is tougher for the young generations today. We have seen the transition from the prosperity of earlier decades to how expensive shite is now, and thankfully had enough footing to adapt and do alright. It’s toigher for Gen Z or whoever to get a solid footing financially.
But no use trying to convince Generation Greed (Boomers) of anything of the sort. They will sneer at you while on their 6th cruise this year and tell you to stop buying coffee.
Boomers are basically PDiddy’s character from Get Him To The Greek.
This post was edited on 5/20/25 at 2:29 pm
Posted on 5/20/25 at 2:23 pm to Chicken
quote:
given there are options in their current market or in other big cities.
Insane statement
Posted on 5/20/25 at 2:29 pm to bodask42
quote:well…
and tell you to stop buying coffee.
if you spend ten bucks a day on coffee that’s 3500 a year. Round down to 3000? In 5 years you’ve got a down payment
shite adds up man. Home ownership is either a priority or it isn’t. And BTW no vacations were taken while the saving was underway.
Posted on 5/20/25 at 2:30 pm to cgrand
quote:
if you spend ten bucks a day on coffee that’s 3500 a year.
Posted on 5/20/25 at 2:31 pm to bodask42
quote:what am I missing? are people not able to live comfortably in a rental property? is there some stigma within the GenZ age group about renting?
It’s mainly the zero empathy, psychotic boomers who refuse to accept that they had it lucky as hell and that it is tougher for generations after them. They literally think they were special and better than their ancestors and descendants, and everybody else is just lazy and not as smart as them.
Millennials (like myself) and Gen X largely acknowledge that is tougher for the young generations today. We have seen the transition from the prosperity of earlier decades to how expensive shite is now, and thankfully had enough footing to adapt and do alright. It’s toigher for Gen Z or whoever to get a solid footing financially.
But no use trying to convince Generation Greed (Boomers) of anything of the sort. They will sneer at you while on their 6th cruise this year and tell you to stop buying coffee.
If you are someone that has student loan debt and a car note (like Mingo's example), buying a home is a risky proposition...
quote:so the median home buyer in 2007 was 39 years old...what is the rush for someone under the age of 29 to buy a home?
The age of the median home buyer in 07 was born in 1968
Posted on 5/20/25 at 2:33 pm to Chicken
quote:
If you are someone that has student loan debt and a car note (like Mingo's example)
So…. Everyone
quote:
so the median home buyer in 2007 was 39 years old...what is the rush for someone under the age of 29 to buy a home?
Are you doing a bit?
This post was edited on 5/20/25 at 2:34 pm
Posted on 5/20/25 at 2:35 pm to Chicken
quote:
what is the rush for someone under the age of 29 to buy a home?
I was married with 2 kids at 29.
Posted on 5/20/25 at 2:36 pm to Chicken
quote:
are people not able to live comfortably in a rental property
See, Psychotic boomer. “You will rent and like it!” The American Dream was always largely about owning your own home (at least one major part of it). Now yall are moving the goal posts and normalizing folks renting forever because you know owning for many will never happen.
This post was edited on 5/20/25 at 2:46 pm
Posted on 5/20/25 at 2:37 pm to Chicken
quote:
so the median home buyer in 2007 was 39 years old...what is the rush for someone under the age of 29 to buy a home?
You can't see the societal effects that come with the average homebuyer being nearly 60 years old?
Posted on 5/20/25 at 2:38 pm to JohnnyKilroy
quote:
You can't see the societal effects that come with the average homebuyer being nearly 60 years old?
Nope, because like many boomers (I dont know if he is actually a boomer or not, but has that mindset) he’s got his and nobody else matters.
Posted on 5/20/25 at 2:41 pm to Mingo Was His NameO
quote:nope, just sensing a lot of entitlement and pickiness...there is nothing wrong with renting...for anyone saddled with student debt and a car loan, I would think it is prudent to hold off buying a home...
Are you doing a bit?
Posted on 5/20/25 at 2:41 pm to JohnnyKilroy
quote:
You can't see the societal effects that come with the average homebuyer being nearly 60 years old?
I feel like I’m taking crazy pills
Posted on 5/20/25 at 2:44 pm to Chicken
quote:
nope, just sensing a lot of entitlement and pickiness...
Yeah, not wanting to live amongst section 8 when you’re an electrical engineer is just entitlement
Posted on 5/20/25 at 2:45 pm to cgrand
quote:
f you spend ten bucks a day on coffee that’s 3500 a year. Round down to 3000?
i am not suggesting you go to a coffee shop everyday but olds love to exaggerate the price of coffee
Posted on 5/20/25 at 2:46 pm to cgrand
quote:
if you spend ten bucks a day on coffee that’s 3500 a year. Round down to 3000? In 5 years you’ve got a down payment
:rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao:Posted on 5/20/25 at 2:47 pm to Chicken
quote:
.there is nothing wrong with renting.
:rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao:Posted on 5/20/25 at 2:49 pm to cgrand
quote:
if you spend ten bucks a day on coffee
Who tf is doing that?
Posted on 5/20/25 at 2:49 pm to Mingo Was His NameO
quote:now you are doing a bit...
Yeah, not wanting to live amongst section 8 when you’re an electrical engineer is just entitlement
$345k in Katy, TX
$295k in Lakeview (New Orleans)
No section 8 in the area...
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