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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 6:22 pm to Mingo Was His NameO
Posted on 5/20/25 at 6:22 pm to Mingo Was His NameO
quote:my point is that he should be content with that....this person had student loans and other debt so it was unlikely they would be able to buy a house in their 20's, unless extremely prudent with spending.
He’s not, which is the ENTIRE frickING POINT. Holy shite
I mean, look at the graph on page 1 of this thread...the median age of first time buyers has averaged around 32 for most of the last 30 years...and you are bitching that it will take your engineer buddy until 35 years old to get his first house...and we are supposed to be upset about that???
This post was edited on 5/20/25 at 6:27 pm
Posted on 5/20/25 at 6:28 pm to Chicken
quote:
the median age of first time buyers has averaged around 32 for most of the last 30 years...
If median was 32, then obviously a huge percentage of people were a lot younger than that. A practicing engineer with a degree is someone you would have expected to be in that group of well off people who bought a home comfortably in their 20s. So yes a 35 year old engineer (or insert whatever profession) struggling and waiting to buy that long is a big deal and not a good trend.
Posted on 5/20/25 at 8:08 pm to bodask42
quote:I get it but there is also a huge percentage older.
If median was 32, then obviously a huge percentage of people were a lot younger than that.
quote:again, in this hypothetical, I would need to know how this person spent and saved since he got out of college...but the bottom line is that if he had a bunch of debt, he would probably skew to the above 32 crowd...but again, depends on his net income since graduation and his spending and saving habits...
So yes a 35 year old engineer (or insert whatever profession) struggling and waiting to buy that long is a big deal and not a good trend.
Posted on 5/20/25 at 8:20 pm to cgrand
quote:lol your double digit interest rate bought houses for 48k.
You mean do what those of us born in mid/late 60s had to do when buying our first houses under double digit interest rates and little to no housing inventory to choose from?
Posted on 5/20/25 at 8:21 pm to Chicken
quote:
again, in this hypothetical, I would need to know how this person spent and saved since he got out of college...but the bottom line is that if he had a bunch of debt, he would probably skew to the above 32 crowd...but again, depends on his net income since graduation and his spending and saving habits...
Dude just shut the hell up. Anybody with a working brain and a bit of self honestly knows it is tougher to buy a home for everyone these days. But you want to cherry pick every little piece of data to try and muddy the waters of the conversation. It’s a common tactic of narcissists who don’t want to address an issue.
Posted on 5/20/25 at 8:22 pm to CarRamrod
quote:
lol your double digit interest rate bought houses for 48k.
Yeah they love to leave that little detail out, haha
Posted on 5/20/25 at 8:23 pm to Chicken
quote:
again, in this hypothetical, I would need to know how this person spent and saved since he got out of college...but the bottom line is that if he had a bunch of debt, he would probably skew to the above 32 crowd...but again, depends on his net income since graduation and his spending and saving habits...
If you have to dig this deep into a hypothetical, you’ve lost.
Posted on 5/20/25 at 8:26 pm to GetCocky11
quote:Really? you don't think a person's spending (including debt spending) and saving habits have a direct correlation on ability to afford a home?
If you have to dig this deep into a hypothetical, you’ve lost.
This post was edited on 5/20/25 at 8:31 pm
Posted on 5/20/25 at 8:27 pm to Chicken
Got my first house at 26. 225K with a 5% or so interest. Took advantage of a down payment assistance program. Want to say it was about 1200 sqft. 1/3 acre corner lot. 2 bed 2 bath. Only made like 65K a year.
Sold that three later for a couple thousand profit.
Rented in rural Alaska for about 3 years, but had discounted housing because of my job.
Bought my second house at 32. 300K 5 bed 3 bath on 3.5 acres in coastal mississippi. Put 5% down. Got a good interest rate around 3.5%. Was making about 100K/year then.
It's definitely doable, but it sure as shite was difficult. Got lucky with a very small inheritance that helped pay off student loans and a car loan. Idk if we would have been able to do it without it. Although you make more money in rural Alaska it's stupid expensive out there
Sold that three later for a couple thousand profit.
Rented in rural Alaska for about 3 years, but had discounted housing because of my job.
Bought my second house at 32. 300K 5 bed 3 bath on 3.5 acres in coastal mississippi. Put 5% down. Got a good interest rate around 3.5%. Was making about 100K/year then.
It's definitely doable, but it sure as shite was difficult. Got lucky with a very small inheritance that helped pay off student loans and a car loan. Idk if we would have been able to do it without it. Although you make more money in rural Alaska it's stupid expensive out there

Posted on 5/20/25 at 8:27 pm to Chicken
quote:
Really? you don't think a person's spending (including debt spending) and saving shabits have a direct correlation on ability to afford a home?
You’re missing his point entirely.
Posted on 5/20/25 at 8:29 pm to bodask42
quote:wow...at the beginning, I was trying to argue that a GenZ (28 years old and younger) may be too young to afford a home...then realized later that the chart on the first page shows that the median age of first time home buyers is roughly 32 years old for the last 30 years...and somehow it is a travesty that an engineer with student loan and a car loan may have to wait until 35 to afford his first house...I feel like I am being trolled.
Dude just shut the hell up. Anybody with a working brain and a bit of self honestly knows it is tougher to buy a home for everyone these days. But you want to cherry pick every little piece of data to try and muddy the waters of the conversation. It’s a common tactic of narcissists who don’t want to address an issue.
Posted on 5/20/25 at 8:34 pm to GetCocky11
quote:
You’re missing his point entirely.
He’s doing it on purpose. Again, it’s narcissistic behavior to muddy the water and not address the issue.
Spending habits, debt, etc. of course it’s important. But the crux of the conversation is an apples to apples comparison of how much easier it was for young adults to acquire a house decades ago versus how it is now.
But somebody who likes to muddy the water (intentionally) will be like “yeah well the previous generations didnt have all of this college debt!” As if that somehow makes their point. When really their college tuition was pennies compared to now so of course they didnt have the same debt. It just makes the point even more of how things suck today. But boomers just think they are fricking geniuses because they somehow didnt have to have all of that debt

Posted on 5/20/25 at 8:35 pm to RaoulDuke504
The boomers in this tread bitching, telling the younger generations to work harder they don't deserve to live in a safe neighborhood within a normal commute are the very same boomers who cry about the MSRPs on vehicles. Guess you old fricks should have worked harder. Yes you're paying 80k for this truck now stfu.
Posted on 5/20/25 at 8:41 pm to RaoulDuke504
quote:
To be fair to the young men
Over half the woman their age are gay and hate men because it’s cool
The average girl in your time now gets attention from across the globe on social media
The lost their social skills because they were locked away for covid
The current society has seen them as evil since they were born and has done everything to bring them down to uplift girls
Self Victimization is deep, go listen to more Red Pills podcasts

Posted on 5/20/25 at 8:51 pm to Chicken
quote:
Really? you don't think a person's spending (including debt spending) and saving habits have a direct correlation on ability to afford a home?
Maybe if these young kids quit spending money on Avocado Toast and second hand clothing from Poshmark they could afford a fricking house.
Posted on 5/20/25 at 8:53 pm to Tider13
quote:
The boomers in this tread bitching, telling the younger generations to work harder
Boomers, as a whole, are just in denial of how big a greedy piece of shite generation they are. They don’t want to believe it, because who wants to believe youre a P.O.S? So they like to pretend that young folks today have the same opportunities they had, this kids are just lazier, dumber, blah blah blah.
History won’t look kindly on the boomer generation. They know that and it’s too late to change now (not that they ever would). So they might as well double down and keep enjoying all of the additional wealth/opportunities they were born into.
Posted on 5/20/25 at 9:04 pm to GeorgeTheGreek
quote:
Maybe if these young kids quit spending money on Avocado Toast and second hand clothing from Poshmark they could afford a fricking house.
Yeah frick those frat bros and hipsters!
Posted on 5/20/25 at 9:13 pm to imjustafatkid
quote:
quote:1. find a group of girls 2. wait until at least 60% of them are married, around 26-29 3. pick one of the single ones all you have to do is have a decent job and not be a complete fat. Seen that work out for many dudes Nobody wants the chicks in group 3.
If there was a Venn diagram of incels and people who claim homeownership is unattainable you would only need one circle.
Back when I was in my twenties, most of the single baws buying houses took in roommates to offset the mortgage. People overextended themselves to buy a house, but filling the house with rent paying tenants made it profitable in the long run.
Posted on 5/20/25 at 9:22 pm to CatfishJohn
quote:
If I had a kid about to graduate college, I'd tell them to buy a condo or townhome in a less desirable area that has upside/gentrification coming as soon as they possibly can. Use PMI, etc., do whatever you can. You won't want to buy a home in those places once married with kids.
I was born in '67 so I guess I am part of the problem,
As I graduated college I was too was told by every sensible adult in my life the same thing you advised above. I would loved to have done so, but I did not have a down payment so I rented three different places over 4 years and had a 45 min commute before I was able to come up with a down payment. And then I bought a 15 yr old 1400 sq ft piece of shite starter home in the cheapest area of a large development 15 miles outside the loop in Houston.
The same problems that exist today existed then. The one major difference is numerous factors driving demand throwing home pricing out of the norm and to a lesser extent inflated expectations of first time buyers.
Posted on 5/20/25 at 9:26 pm to Basura Blanco
quote:
And then I bought a 15 yr old 1400 sq ft piece of shite starter home in the cheapest area of a large development 15 miles outside the loop in Houston.
What did it cost you? Just curious.
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