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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 8:45 am to RaoulDuke504
Posted on 5/20/25 at 8:45 am to RaoulDuke504
My fault. I bought 3 houses in that span and I was born in 1968.
0
Posted on 5/20/25 at 8:45 am to upgrayedd
quote:
That’s coming from a guy who left NO to go to the whitest place in the country
What is your point?
Posted on 5/20/25 at 8:45 am to Oilfieldbiology
quote:
That can’t be the norm
maybe not, but I've had good luck with it over the last 4-5 decades
Posted on 5/20/25 at 8:45 am to CatfishJohn
quote:Nothing is guaranteed. It's a dream. You said it yourself.
American homeownership dream is dying a swift death.
For some people, their dreams come true. For others, not so much.
I'm not sure that's an altogether bad thing.
Posted on 5/20/25 at 8:46 am to AUstar
quote:
This. Plus the U.S. population has almost doubled since 1990. That is a big factor. Supply and demand.
>Let in the entire globe
>Regulate the market to stop homes from being built
Posted on 5/20/25 at 8:46 am to chryso
quote:
Oh, I didn't realize it was you posting this. Sorry, the answer is obviously and always boomers. Boomers ran over my dog
1968 is Gen X
Posted on 5/20/25 at 8:46 am to chryso
quote:
Boomers can't do everything. How about the lack of foreclosing on anyone causing the home price to be artificially high. Not to mention investment firms buying up houses as rental property.
1968 is GenX so more than half of these buyers aren't Boomers.
Posted on 5/20/25 at 8:47 am to chryso
LOL
my first house was a tiny 2 bedroom in fricking Algiers because we couldn’t afford the east bank. And in 1992 Algiers was a goddamn shithole…driving down de gaulle was a max max chase to the finish line
my first house was a tiny 2 bedroom in fricking Algiers because we couldn’t afford the east bank. And in 1992 Algiers was a goddamn shithole…driving down de gaulle was a max max chase to the finish line
Posted on 5/20/25 at 8:51 am to RaoulDuke504
Boomers pricing their kids and grandkids out of the market is hilarious and such a stereotypical move.
Posted on 5/20/25 at 8:51 am to cgrand
quote:
my first house was a tiny 2 bedroom in fricking Algiers because we couldn’t afford the east bank. And in 1992 Algiers was a goddamn shithole
Ours was a 1400 sq ft house in rural Livingston Parish for a family of 4. It's what we could afford at the time.
Posted on 5/20/25 at 8:53 am to RaoulDuke504
I think this is part of the problem. Something like this is what use to constitute a starter home….
But no one is building houses like those any longer. And where they have been built, those neighborhoods are in crime infested ghettos. And if anyone started building those homes, that neighborhood would quickly be overrun with Section 8 hood rats. I’m sorry if that offends anyone, but that’s just the truth.
But no one is building houses like those any longer. And where they have been built, those neighborhoods are in crime infested ghettos. And if anyone started building those homes, that neighborhood would quickly be overrun with Section 8 hood rats. I’m sorry if that offends anyone, but that’s just the truth.
Posted on 5/20/25 at 8:54 am to Darth_Vader
Yep.
The problem is that anything affordable is in a total dump of a crime ridden shite hole.
The problem is that anything affordable is in a total dump of a crime ridden shite hole.
Posted on 5/20/25 at 8:55 am to Darth_Vader
quote:
But no one is building houses like those any longer.
There's a starter home neighborhood by me that was built in 2004.
There's a home for sale in there right now. Vinyl siding, 1500 sq ft, nothing special.
Price....$445,000.
Wtf
Posted on 5/20/25 at 8:55 am to RaoulDuke504
Yeah but when the Boomers die off there'll be a surplus of units flooding the market. Units will outnumber the demand. Then...everybody get ya roll on....what?!
Posted on 5/20/25 at 8:55 am to CatfishJohn
quote:
What is your point?
He loves acting high and mighty by lambasting people for doing the same exact thing he did. In other words, he’s the perfect embodiment of the modern Californian.
Posted on 5/20/25 at 8:55 am to DownshiftAndFloorIt
quote:
Yep. The problem is that anything affordable is in a total dump of a crime ridden shite hole.
Or it’s a small town with 0 jobs
Posted on 5/20/25 at 8:56 am to RaoulDuke504
I think it's primarily because of the boomers.
Private Equity isn't blameless, but I think the depression and WW2, while it was preposterously advantageous for the US, led to this mindset.
You have people born in the 60s to men who fought in a war. Men who were born into a shite world, had to go off and see their people killed, passed on depression era tendencies. This means hoarding wealth, keeping the median age of home buying overall higher than it should be.
The world was not fair to the boomer's parents. The prevailing mindset? We are winners, the rest of the world is losers, anyone that can't do for themselves is lazy and entitled. Boomers took this to heart while simultaneously growing up in one of the most economically advantaged times in the history of the world.
Most of them still hold this mindset and they will until they die. It's not their fault. At our core we are not much greater than what we have been given in childhood. They were given entitlement and superiority by people who went through a truly unfair and shite world.
You'll likely see it if they respond to this post with "lol sucks to suck" or "boomer here, doing my part, work harder" or just general middle fingers. They are forever stuck in the mindset of a child and it's sad to see that they don't understand that their time is up.
I know people like this, they can't give up control and are terrified to death of the fact that it's coming to an end in a decade or so. Their solution? Keep spending their money on shite that won't make them happy because they refuse to have actual relationships with their children.
Private Equity isn't blameless, but I think the depression and WW2, while it was preposterously advantageous for the US, led to this mindset.
You have people born in the 60s to men who fought in a war. Men who were born into a shite world, had to go off and see their people killed, passed on depression era tendencies. This means hoarding wealth, keeping the median age of home buying overall higher than it should be.
The world was not fair to the boomer's parents. The prevailing mindset? We are winners, the rest of the world is losers, anyone that can't do for themselves is lazy and entitled. Boomers took this to heart while simultaneously growing up in one of the most economically advantaged times in the history of the world.
Most of them still hold this mindset and they will until they die. It's not their fault. At our core we are not much greater than what we have been given in childhood. They were given entitlement and superiority by people who went through a truly unfair and shite world.
You'll likely see it if they respond to this post with "lol sucks to suck" or "boomer here, doing my part, work harder" or just general middle fingers. They are forever stuck in the mindset of a child and it's sad to see that they don't understand that their time is up.
I know people like this, they can't give up control and are terrified to death of the fact that it's coming to an end in a decade or so. Their solution? Keep spending their money on shite that won't make them happy because they refuse to have actual relationships with their children.
This post was edited on 5/20/25 at 8:58 am
Posted on 5/20/25 at 8:57 am to fallguy_1978
quote:
1968 is GenX so more than half of these buyers aren't Boomers.
You do realize that the huge number of baby boomers are skewing the averages older, and Gen X is just the average age sandwiched between those boomers and millenials/gen z of homebuilders age, right?
Posted on 5/20/25 at 8:59 am to SWCBonfire
quote:
You do realize that the huge number of baby boomers are skewing the averages older, and Gen X is just the average age sandwiched between those boomers and millenials/gen z of homebuilders age, right?
People are stupid. I just went back and edited my post to clarify that boomers are keeping the median age of home buying higher than it should be. Reading comprehension.
This post was edited on 5/20/25 at 8:59 am
Posted on 5/20/25 at 9:03 am to RaoulDuke504
Both Democrats and Republicans have obliterated the middle class with their self-serving, middle-finger policies that coddle politically connected superrich and the perpetually dependent while trampling working families.
Democrats' addiction to bloated welfare programs and open borders has bled the middle class dry. The Center for Immigration Studies reported in 2023 that 43% of immigrants rely on public assistance, siphoning off resources that could’ve helped middle-class families afford homes. Their green policies, like the Inflation Reduction Act of 2022, spiked energy costs—household electricity bills jumped 20% from 2021 to 2024, per the Bureau of Labor Statistics—crushing our budgets while funneling billions to corporate buddies. And their regulatory strangulation, like Dodd-Frank’s post-2008 red tape, choked community banks, making it near impossible for middle-income earners to get mortgages—denials soared 15% by 2015, per the Federal Reserve.
Republicans are just as bad, fellating 1% while pretending to care about us. Their 2017 Tax Cuts and Jobs Act was a shameless giveaway to corporations and the ultra-wealthy. The middle class? We got pocket change while home prices skyrocketed 47% from 2017 to 2023, per the Case-Shiller Index, locking out anyone without a silver spoon. They’ve also let corporations like BlackRock gobble up over 80,000 single-family homes by 2022, per industry reports, jacking up prices for regular folks. And let’s not forget both parties’ love affair with a heavily flawed NAFTA and China’s WTO entry in the ‘90s and 2000s, which obliterated 5 million manufacturing jobs by 2015, per the Economic Policy Institute.
Both parties have turned what was once within reach—owning a home, building a stable life—into a pipe dream.
Democrats' addiction to bloated welfare programs and open borders has bled the middle class dry. The Center for Immigration Studies reported in 2023 that 43% of immigrants rely on public assistance, siphoning off resources that could’ve helped middle-class families afford homes. Their green policies, like the Inflation Reduction Act of 2022, spiked energy costs—household electricity bills jumped 20% from 2021 to 2024, per the Bureau of Labor Statistics—crushing our budgets while funneling billions to corporate buddies. And their regulatory strangulation, like Dodd-Frank’s post-2008 red tape, choked community banks, making it near impossible for middle-income earners to get mortgages—denials soared 15% by 2015, per the Federal Reserve.
Republicans are just as bad, fellating 1% while pretending to care about us. Their 2017 Tax Cuts and Jobs Act was a shameless giveaway to corporations and the ultra-wealthy. The middle class? We got pocket change while home prices skyrocketed 47% from 2017 to 2023, per the Case-Shiller Index, locking out anyone without a silver spoon. They’ve also let corporations like BlackRock gobble up over 80,000 single-family homes by 2022, per industry reports, jacking up prices for regular folks. And let’s not forget both parties’ love affair with a heavily flawed NAFTA and China’s WTO entry in the ‘90s and 2000s, which obliterated 5 million manufacturing jobs by 2015, per the Economic Policy Institute.
Both parties have turned what was once within reach—owning a home, building a stable life—into a pipe dream.
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