- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
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 3:12 pm to Chicken
Posted on 5/20/25 at 3:12 pm to Chicken
quote:
that could be $100,000 salary and never had any debt and lives within his means.
So just be a top 10% earner in your age group and be born to parents that can afford to finance your education and other expenses. Seems easy enough.
The cognitive dissonance you’re displaying is truly incredible
1
Posted on 5/20/25 at 3:12 pm to TideCPA
quote:
Are we trying to push birth rates down to 0.0?
Dont worry, when the US pushes a no kid tax like Japan is doing in 2026, they will cry foul and expect to be exempted.
Posted on 5/20/25 at 3:13 pm to RaoulDuke504
The trend I notice is the age of 30-38 remains consistent for first timers since 1992
Posted on 5/20/25 at 3:13 pm to Chicken
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...
That's not really a gen z thing. That's an everyone thing. On average every single age group prefers urban and suburban areas.
Really the issue is not really all that solvable unless you really rework how cities are built/developed etc.
Boomers were able to afford the prime areas/suburbs in large part because there just wasn't that much competition. There's been nearly 100% population growth since 1975.
Posted on 5/20/25 at 3:14 pm to Chicken
quote:
Chicken
Also, you didnt answer my question of how many rentals you owned. I just want to know where the Slums of Tigerdroppings are located and maybe rent one myself…
Do I get a discount for being a member on TD? Posted on 5/20/25 at 3:16 pm to JohnnyKilroy
quote:
Boomers were able to afford the prime areas/suburbs in large part because there just wasn't that much competition. There's been nearly 100% population growth since 1975.
It may not be fixable, but at least acknowledging there’s a problem instead of just sticking your (not you) head up your arse would be a good start
Posted on 5/20/25 at 3:18 pm to Dire Wolf
quote:
even with the updated menu, spending $10 on a cup of coffee at Starbucks means you are obese and add a ton of stuff
Correct. A couple pumps of chai and a couple extra shots of expresso will get you there.
But yea, you are most likely a fatass if you're doing that. Just saying it's possible
Don't see too many people out there doing that every day for 5 years though.
Posted on 5/20/25 at 3:20 pm to JohnnyKilroy
quote:
That homeowner was fricking insane initially listing their 2/1 for 370k jesus fricking christ lmao
Mrs. H2O and I are looking for lake property now and the prices are insane. Unfortunately, they're only going to go up as they aren't making anymore lakefront property but I struggle with paying $500k for a double wide on the water.
Posted on 5/20/25 at 3:20 pm to iwyLSUiwy
quote:
Correct. A couple pumps of chai and a couple extra shots of expresso will get you there.
At that point, you aren’t ordering “a cup of coffee”.
Posted on 5/20/25 at 3:21 pm to Mingo Was His NameO
man, I can't keep track of your hypotheticals...is this a STEM major 30 year old? what was his starting salary? how many more years does he have on his student loan payments and car loan?
does he have back issues that prevent him from commuting an hour each way? does his car radio not work? could he leave earlier in the morning to cut the commute down to 45 min?
does he have back issues that prevent him from commuting an hour each way? does his car radio not work? could he leave earlier in the morning to cut the commute down to 45 min?
Posted on 5/20/25 at 3:23 pm to Chicken
quote:Literally half of first time home buyers 15 years ago were in their 20s. I bought my first home at 24 around then (married but only with my income on the underwriting). It was absolutely not far-fetched, although it definitely is now.
I also think owning a home before the age of 29 seems far fetched for a single person, even in the past.
This post was edited on 5/20/25 at 3:34 pm
Posted on 5/20/25 at 3:25 pm to Chicken
quote:
man, I can't keep track of your hypotheticals.
That’s on you, not me.
You asked for the example I gave you and now you’re saying you’re incapable of understanding it
This post was edited on 5/20/25 at 3:27 pm
Posted on 5/20/25 at 3:30 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.
the average age of first-time home buyers thru the 80s was 29
Posted on 5/20/25 at 3:31 pm to bodask42
quote:
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.
This ^^
My daughter is striving to buy a home and the listings she showed me today were like 250-300k for homes that had a range of 1250-1500sq ft. Some were new, but one looked like a converted trailer home damn near and was 249k!!
My house is small, maybe 1550sq ft... and we were able to buy when we were very, very young- with a newborn AND a car payment- on ONE income, too!
It really IS harder out there and I am thankful as all get out to have bought a home when we did.
Posted on 5/20/25 at 3:33 pm to Chicken
quote:You say this but a 1 hour commute is a large ordeal for anyone.
wow...the horror!
Assuming my schedule of 9s, I'm effectively adding 2 hours to my workday in that scenario. I'm pulling 11s at that point due to commute time. If I want to also have a healthy lifestyle and hit the gym, I'm adding at least 30, closer to 45 mins on top of that. Tack on shower and something simple like a small meal and we can round it to an hour. I've hit 12 hours of the day and I haven't even factored sleep into this yet.
I haven't even touched numbers for basic chores, grocery runs, a social life, entertainment life to just unwind, and other things that will all be competing for a very small chunk of hours you have left before you need to hit the hay. All of these are also very tight estimates assuming nothing pushes those numbers at all.
I have it great right now where my commute is incredibly small, and I've seen the effects of larger commutes on people. It's not a small deal like you seem to think. I intend to move from my apartment into my own home in the future, and a commute >30 mins is out of the question if I can help it. It doesn't have to be 5 minutes, but I really don't want to bring 8+ hours of my life being stuck in the car into my life on a weekly basis.
This post was edited on 5/20/25 at 3:34 pm
Posted on 5/20/25 at 3:33 pm to Mingo Was His NameO
I'm just really fricking glad I bought back in 2017. If I had waiting much longer the train would have left me and I'd be looking at much less house/way shittier location all things being equal. I know some friends that I imagine had similar finances to myself but they took their parents advice to keep saving to avoid PMI. They probably had about enough, but then covid happened and their 20% down payment fund turned into a 10% down payment fund REAL quick and they were priced out of all the neighborhoods they were initially targeting.
Posted on 5/20/25 at 3:34 pm to bodask42
quote:none.
Also, you didnt answer my question of how many rentals you owned.
Look, I acknowledge that things cost more now, but i also feel confident that many people spend outside of their means, which doesn't help people save for home ownership. They have been talking for years about credit card debt being on the rise.
I was fortunate that I didn't have any student debt out of college, but then again, I think LSU tuition was less than $4k a year for me.
But don't say there are no affordable options when there are, and definitely don't balk at a long commute if home ownership is indeed some big goal.
or just be honest and say that you only want to live in specific areas and acknowledge that you may have to rent longer in order to save up to live in this specific area.
This post was edited on 5/20/25 at 3:41 pm
Posted on 5/20/25 at 3:35 pm to Dire Wolf
quote:yeah, but how picky were those buyers? did they balk at long commutes?
the average age of first-time home buyers thru the 80s was 29
Posted on 5/20/25 at 3:36 pm to Chicken
quote:
They have been talking for years about credit card debt being on the rise.
Mostly by the demographic that is already home owners
Posted on 5/20/25 at 3:37 pm to Chicken
quote:
yeah, but how picky were those buyers?
Not any more or less picky than today
quote:
did they balk at long commutes?
Uhhh, yeah
Page 12 of 18
Popular
Back to top
Follow TigerDroppings for LSU Football News