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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 9:04 am to
Posted by fallguy_1978
Best States #50
Member since Feb 2018
51656 posts
Posted on 5/20/25 at 9:04 am to
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?

It's median, not average, so less than half were born before 1968, but I do think a decent number of people move when they retire either to downsize or relocate.
Posted by Bjorn Cyborg
Member since Sep 2016
32059 posts
Posted on 5/20/25 at 9:07 am to
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


All this is bullshite. Just like everything, social media magnifies the small percentage of people who fit your description.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53293 posts
Posted on 5/20/25 at 9:08 am to
quote:

Both parties have turned what was once within reach—owning a home, building a stable life—into a pipe dream.


And they both use social issues to keep everyone distracted.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38591 posts
Posted on 5/20/25 at 9:09 am to
quote:

it would make sense to keep buying and selling homes


Not necessarily.

Your house needs to appreciate pretty considerably if you sell early.

You need at least 8-10% appreciation just to cover transaction/moving costs.

When I was looking for my first house, my parents kept trying to sell us on buying the “cheap” 2/1 that was like 975 sqft. That would have been a financial disaster had I bought that and then needed to move a couple years later due to growing family.
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
30233 posts
Posted on 5/20/25 at 9:09 am to
People born in 1968 ate Gen X.
Posted by UtahCajun
Member since Jul 2021
1141 posts
Posted on 5/20/25 at 9:10 am to
We should stop corporate interests from buying up entire neighborhoods.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
38845 posts
Posted on 5/20/25 at 9:26 am to
quote:

I think this is part of the problem. Something like this is what use to constitute a starter home….



just a waste of land for all parties. Builders don't want to do that cause the cost of land is too high for moderate return on the house, and buyers don't want it cause it is small to raise a family in especially if you WFH at all. Plus a smaller house isn't going to appreciate well for the reasons you listed.

This is why you see townhomes and cookie cutters, big home builders' cost per sq foot doesn't change that much by going bigger, and they can sell a 2000 sq ft house for considerably more than a sub-1200 sq ft house.

If i am going to live in a shoe box, might as well live in an apartment with a pool and gym
This post was edited on 5/20/25 at 9:28 am
Posted by TexasTiger89
Houston, TX
Member since Feb 2005
25684 posts
Posted on 5/20/25 at 9:28 am to
quote:

comical cost of houses


Well put.
Posted by weagle1999
Member since May 2025
45 posts
Posted on 5/20/25 at 9:32 am to
quote:

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


So?

The purpose of your life isn’t to own a house.
Posted by CatfishJohn
Member since Jun 2020
16958 posts
Posted on 5/20/25 at 9:35 am to
Oh I thought you were talking about me, because I did it too

I moved to a place with dramatically lower crime rate and good schools. It wasn't a race thing, it was a quality of life thing.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30287 posts
Posted on 5/20/25 at 9:36 am to
quote:

the one thing I've never, ever lost a penny on is real estate


This may or may not be true, but one thing I know, is you’d be willing to lie about it
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
69113 posts
Posted on 5/20/25 at 9:38 am to
quote:

I think this is part of the problem. Something like this is what use to constitute a starter home….


quote:

just a waste of land for all parties. Builders don't want to do that cause the cost of land is too high for moderate return on the house, and buyers don't want it cause it is small to raise a family in especially if you WFH at all. Plus a smaller house isn't going to appreciate well for the reasons you listed.

This is why you see townhomes and cookie cutters, big home builders' cost per sq foot doesn't change that much by going bigger, and they can sell a 2000 sq ft house for considerably more than a sub-1200 sq ft house.

If i am going to live in a shoe box, might as well live in an apartment with a pool and gym


If that’s the case then people need to stop complaining about the cost of buying a house now compared to 20 or 30 years ago and simply be content to live in a townhouse or apartment.

This is a starter home…



This is a second, or even third home…


Posted by Breesus
House of the Rising Sun
Member since Jan 2010
67943 posts
Posted on 5/20/25 at 9:40 am to
quote:

People born in 1968 ate Gen X.


1. They must be really fat.

2. Do you understand how the word median works?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30287 posts
Posted on 5/20/25 at 9:40 am to
quote:

This is a starter home…


Listed for $375k. Someone will come pay cash and tear it down and build a new build own it
Posted by Dire Wolf
bawcomville
Member since Sep 2008
38845 posts
Posted on 5/20/25 at 9:42 am to
quote:

If that’s the case then people need to stop complaining about the cost of buying a house now compared to 20 or 30 years ago and simply be content to live in a townhouse or apartment.



You act as if people have any say in what large builders are doing. Townhouses around me are still going for 500k+ on the low end. It is just more economical for the builder, not necessarily the buyer.

that first house you posted probably goes for 350-500k, depending on the location
Posted by stout
Porte du Lafitte
Member since Sep 2006
175724 posts
Posted on 5/20/25 at 9:42 am to
quote:

incels need to get out of their gaming chair and find some pussy to marry.


Do you think their wives' dads will be able to buy them a house like your father-in-law did?
Posted by Deek
Member since Sep 2013
1096 posts
Posted on 5/20/25 at 9:47 am to
That's sad. I bought my first home in 1996 at the age of 23. Being a homeowner is a dying idea.
Posted by VolSquatch
First Coast
Member since Sep 2023
5268 posts
Posted on 5/20/25 at 9:49 am to
quote:


So?

The purpose of your life isn’t to own a house.


Part of the appeal of America is that we aren't all crammed into multi-family units that we have to pay rent on from the time we leave our parents until we die.

A house has always meant more in America. Its an extension of your freedom. Your own piece of ground.

Purpose of life? No. Very important? I'd say so.

With immigration and new-age ways of thinking, I believe this value set is declining though. People who came over here in the early days of colonialization had a mindset that they wanted their own piece of ground, not just for themselves but for their families. And that was passed down. Its the cowboy mindset that the other Allies said we had during WW2. Now we seem to be losing it.

I guess its partly necessity.... The good jobs are in cities, and there just isn't room near the jobs for everyone to have their own spot. Immigrants don't have the engrained American mindset, and thats fine (if they are legal immigrants), It just seems kind of sad that this is what America has turned into.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30287 posts
Posted on 5/20/25 at 9:50 am to
quote:

You act as if people have any say in what large builders are doing. Townhouses around me are still going for 500k+ on the low end. It is just more economical for the builder, not necessarily the buyer. that first house you posted probably goes for 350-500k, depending on the location


“Just move to the middle of nowhere where there are no available jobs”

- The OT Enlightened
Posted by Mizz-SEC
Inbred Huntin' In The SEC
Member since Jun 2013
20968 posts
Posted on 5/20/25 at 9:51 am to
quote:

It's not a race thing per se, it's just a crime thing.

Truth. People (white and black) often move due to crime, not race. Corporations leave for the same reason.
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