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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 2:50 pm to Chicken
Posted on 5/20/25 at 2:50 pm to Chicken
quote:Are we trying to push birth rates down to 0.0?
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?
2
Posted on 5/20/25 at 2:50 pm to Dire Wolf
when was that menu? those prices look a bit low.
Posted on 5/20/25 at 2:51 pm to Chicken
A 30 year old making more than the overall national income can’t afford either one of those.
You’d need $50k liquid, minimum, even if you could afford the mortgage payment
You’d need $50k liquid, minimum, even if you could afford the mortgage payment
Posted on 5/20/25 at 2:51 pm to JohnnyKilroy
quote:
You can't see the societal effects that come with the average homebuyer being nearly 60 years old?
its more the average age of first time buyers going from early 30s to 38 that is more alarming
renting in a decent school zone and something big enough to have a family in is more expensive than a mortgage payment
a lot of people want to get their shite together before having kids. Keep pushing that back and it is harder to get pregnant. I have said 100x, can someone tell me how i can make money investing into IVF
Posted on 5/20/25 at 2:52 pm to TideCPA
quote:wait, people can't have kids in a rental property?
Are we trying to push birth rates down to 0.0?
Posted on 5/20/25 at 2:53 pm to Chicken
quote:
$295k in Lakeview (New Orleans)
That homeowner was fricking insane initially listing their 2/1 for 370k jesus fricking christ lmao
Posted on 5/20/25 at 2:54 pm to JohnnyKilroy
quote:
That homeowner was fricking insane initially listing their 2/1 for 370k jesus fricking christ lmao
Imagine thinking there’s nothing wrong with a 2/1 house that not even updated being 300 fricking thousand dollars. I mean, what the frick?
Posted on 5/20/25 at 2:55 pm to Chicken
quote:
wait, people can't have kids in a rental property?
How many rental properties do you own? You are awfully defensive against the idea that most people would rather own their place than rent if they could.
This post was edited on 5/20/25 at 2:55 pm
Posted on 5/20/25 at 3:02 pm to Mingo Was His NameO
quote:sure...maybe a dual-income couple could afford it.
A 30 year old making more than the overall national income can’t afford either one of those.
You’d need $50k liquid, minimum, even if you could afford the mortgage payment
but these are all hypotheticals...maybe the 30 year old single guy have been saving his butt off since he started working 8 years prior...maybe he doesn't have a car payment because he was able to make his previous car work.
not sure about this person's student loan situation...
but there are thousands of homes under $300k in the western side of Harris County...
Posted on 5/20/25 at 3:04 pm to Dire Wolf
That's an old menu and prices are higher now. Starbucks has a whole bean coffee menu now that the cheapest option is $17. Spending $10 on coffee there now is not hard to do.
Posted on 5/20/25 at 3:05 pm to Chicken
quote:
sure...maybe a dual-income couple could afford it.
Which is a whole other point about how it is much more difficult today. Many families did well off a single working parent income in the 60s and 70s.
This post was edited on 5/20/25 at 3:06 pm
Posted on 5/20/25 at 3:05 pm to Chicken
quote:
maybe the 30 year old single guy have been saving his butt off
I walked you through it like I would a 5 year old how he, quite literally, couldn’t do that.
quote:
but there are thousands of homes under $300k in the western side of Harris County...
again, the entire point of the fricking thread. If you are a successful STEM professional, you can look forward to commuting an hour plus each way to your job to barely afford home ownership. The American dream!Posted on 5/20/25 at 3:06 pm to iwyLSUiwy
quote:
Spending $10 on coffee there now is not hard to do.
There isn’t a single coffee item on the menu that cost $10
Posted on 5/20/25 at 3:06 pm to iwyLSUiwy
I just pulled up online ordering for the starbucks closest to me and I can get a 12oz drip coffee for $2.91.
Posted on 5/20/25 at 3:07 pm to bodask42
quote:not defensive...I have already said I see affordable homes all over the Houston area...
You are awfully defensive against the idea that most people would rather own their place than rent if they could.
I also think owning a home before the age of 29 seems far fetched for a single person, even in the past.
I think the big issue here is that GenZ's want to live in specific areas and are opposed to living further away from the action...
Posted on 5/20/25 at 3:08 pm to iwyLSUiwy
quote:
That's an old menu and prices are higher now. Starbucks has a whole bean coffee menu now that the cheapest option is $17. Spending $10 on coffee there now is not hard to do.
if you are buying bags of coffee at Starbucks i can't help you. 3lb bags at Costco are $20
even with the updated menu, spending $10 on a cup of coffee at Starbucks means you are obese and add a ton of stuff
Posted on 5/20/25 at 3:08 pm to JohnnyKilroy
Somewhat related to this discussion it's humorous that there is a boomer poster on the poliboard who's whole schtick is that he gets coffee at starbucks 365 days a year and has been doing that for decades.
Posted on 5/20/25 at 3:09 pm to Chicken
quote:
I also think owning a home before the age of 29 seems far fetched for a single person, even in the past.
I don’t know why you think what you think matters. We know the answer to this, and you’re just wrong. What are we doing here? Crazy shite
quote:
I think the big issue here is that GenZ's want to live in specific areas and are opposed to living further away from the action...
Not wanting to spend 10-15 hours a week commuting to your job seems like a reasonable position
This post was edited on 5/20/25 at 3:11 pm
Posted on 5/20/25 at 3:10 pm to Mingo Was His NameO
quote:No, you said: "A 30 year old making more than the overall national income can’t afford either one of those."
I walked you through it like I would a 5 year old how he, quite literally, couldn’t do that.
that could be $100,000 salary and never had any debt and lives within his means...that person for sure can afford those homes...again, you can cherry pick examples and so can I...
quote:wow...the horror!
If you are a successful STEM professional, you can look forward to commuting an hour plus each way
This post was edited on 5/20/25 at 3:11 pm
Posted on 5/20/25 at 3:11 pm to Chicken
quote:
I also think owning a home before the age of 29 seems far fetched for a single person, even in the past.
So you either want people living with their parens until they are 25 to 30, or for them to get out and rent for 10 plus years. I dont think either of those is a worthy aspiration for society.
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