re: The age of the median home buyer in 07 was born in 1968, in 2024 it is still 1968.

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Better than working in his factory.

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I like Robinson's version better.
In fine, we thought that he was everything
To make us wish that we were in his place.

But yep.

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I notice you didn’t respond to my previous question of, at what age for median first time homebuyers does it officially become a problem? 40? 45? 50?

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It became a problem when generational priorities shifted. Home prices and rates were low, but concerns with coincidental debt were also low. Daily Starbucks, eating out and vacations still took priority. Then when home prices and rates skyrocketed ten years later, half a generation found itself with a major affordability crisis.

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Link?

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Goodness.
There is a litany of material out there.

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Millennials are putting off buying homes due to rising student loan levels, their desire to live in high-rent urban centers and their tendency to delay marriage

Debt and Lifestyle

Potential homebuyers from the millennial generation carry massive student debt loads that are draining their spendable income and they also have a preference for urban living that offers less homeownership potential at higher prices. But observers agree that these obstacles are likely to be overcome as the group ages and begins to settle down.

The average amount of student debt per borrower for members of the Class of 2015, for example, was $35,000, according an analysis of government data by student loan expert Mark Kantrowitz. That figure has steadily risen in the last decade, from $20,000 in 2005. About 71% of bachelor’s degree recipients graduate with loans today, up from about 64% 10 years ago.
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But some say it’s not only financial issues that are encouraging millennials to put off buying homes. Lifestyle shifts are also playing a role.

Millennials moving out on their own have been gravitating toward urban centers, where rents are higher. A 2014 Nielsen survey found that 62% of millennials prefer to live in mixed-use communities rather than suburbs. As a social movement, this has played a big part in revitalizing cities from Detroit to Brooklyn to Philadelphia. But competition for apartments in these areas also drives up rents.

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The New American Dream Is Living in a City, Not Owning a House in the Suburbs

Americans are experiencing an urban renaissance of unanticipated proportions, as young people graduate college and flock to cities, delaying buying a home and perhaps rejecting the suburban ideal altogether. In 2005, multifamily housing accounted for just 17% of all housing starts. In 2013, multifamily housing accounted for fully 33% of starts. Data released last week on housing starts in March reinforce that trend, with multifamily homes, a good portion of it high-rise apartment buildings, accounting for 40% of all new construction.

That’s because people are moving to cities: net migration was the largest contributor to population growth in all but five of the 50 fastest-growing metro areas. Census data released last month show that metropolitan areas across the country grew at a faster rate last year than the rest of the country, with cities like Austin, Texas and Seattle, Washington growing especially swiftly. Metro areas grew faster than the U.S. as a whole between 2012 and 2013 (0.9 percent compared with 0.7 percent). For millennials today, leaving Levittown for the bright lights of downtown has become a rite of passage.

“There’s been a surge in urban apartment building,” says chief economist for the National Association of Homebuilders, David Crowe. “The 25- to 34-year-old age group is focused on living near their peers. They want be socially engaged and live near work. They want to reduce their automobile use. All of those things aim at high-density, urban-type living.”
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Young people are interested in a different kind of life than earlier generations it seems. “Unlike their parents, who calculated their worth in terms of square feet, ultimately inventing the McMansion, […] this generation is more interested in the amenities of the city itself: great public spaces, walkability, diverse people and activities with which they can participate,” Ellen Dunham-Jones, a professor of architecture and urban design at Georgia Tech writes in an email.
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For now, however, young people prefer cities. According to the Nielsen Company, 62% of millennials prefer to live in mixed-use communities found in urban centers, closer to shops, restaurants, and the office. And as the number of apartment buildings under construction continues to rise, it appears the exodus to the cities won’t be slowing anytime soon.

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You linked two articles from 2014 and 2015

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That is when the affecting decisions were being made. You want me to link later articles documenting the affordability crisis 2021 onward?

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Neither of which even support your position.
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It became a problem when generational priorities shifted. Home prices and rates were low, but concerns with coincidental debt were also low. Daily Starbucks, eating out and vacations still took priority.

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Coupled with the uncertainty of the job market and the mountain of student loans recent graduates have to pay off
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"... just be hanging out with people, emulating Friends."
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millennials prefer to live in mixed-use communities found in urban centers, closer to shops, restaurants

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Lol

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