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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 10:51 am to Darth_Vader
Posted on 5/20/25 at 10:51 am to Darth_Vader
quote:And not being able to simply admit the current generation is worse off than yours doesn’t get you anywhere either
is hard and unfair. And no one owes you, nor will they give you, anything. Bitching and whining about it will get you nowhere.
0
Posted on 5/20/25 at 10:52 am to Lawyered
quote:
Yep.. even on a 400,000 home 20% is 80,000
Unless you have an inheritance or family gift, very few can come off that type of cash
I am not defending the housing market/interest rates/cost of living, but 20% isn't the minimum right? My brother just bought with a 5% required down and I'm buying with 10%. I don't think I've ever put more than 10% on any of my houses except for my business construction loan.
Posted on 5/20/25 at 10:53 am to iwyLSUiwy
You don’t have to, but then you are throwing money away in PMI.
Posted on 5/20/25 at 10:53 am to Darth_Vader
quote:
Newsflash: life is hard and unfair. And no one owes you, nor will they give you, anything. Bitching and whining about it will get you nowhere.
Using your logic, we should have just ignored child labor or the Great Depression. Truly stupid, stupid shite
Posted on 5/20/25 at 10:55 am to RaoulDuke504
Raoul, did people in 2007 have more savings set aside to put down 20%?
From what I can tell, young people these days aren't saving enough, and that the price of the home won't matter much if they can't put down a decent down payment.
From what I can tell, young people these days aren't saving enough, and that the price of the home won't matter much if they can't put down a decent down payment.
Posted on 5/20/25 at 10:55 am to Chicken
quote:And why would you think that is?
From what I can tell, young people these days aren't saving enough,
Posted on 5/20/25 at 10:56 am to Chicken
quote:
Raoul, did people in 2007 have more savings set aside to put down 20%?
Were you sentient in 2008 chicken?
Posted on 5/20/25 at 10:56 am to RaoulDuke504
Most of you are commenting on prices whereas in many instances the problem is actually "priorities". Todays younger folk are not willing to wait and hope and save for the day when they can own their own home, instead they place their priorities on that next vacation, concert, cruise, new boat, side-by-side, fishing or hunting trip, etc. etc.
When there is only so much water in the well they will use it for washing their new car and then go spend gas money driving that car to the mall to buy a case of bottled water. Priorities!!
When there is only so much water in the well they will use it for washing their new car and then go spend gas money driving that car to the mall to buy a case of bottled water. Priorities!!
Posted on 5/20/25 at 10:56 am to Mingo Was His NameO
quote:
Using your logic, we should have just ignored child labor or the Great Depression. Truly stupid, stupid shite
You’re comparing the fact you can’t afford the big house in the best neighborhood in the big city to the fact 10 year olds use to work in cotton mills and coal mines.
Poor you.
Posted on 5/20/25 at 10:57 am to ImaObserver
quote:
Most of you are commenting on prices whereas in many instances the problem is actually "priorities". Todays younger folk are not willing to wait and hope and save for the day when they can own their own home, instead they place their priorities on that next vacation, concert, cruise, new boat, side-by-side, fishing or hunting trip, etc. etc.
Real home prices are two to three times higher than they used to be but yeah man, it’s just priorities
Posted on 5/20/25 at 10:58 am to Darth_Vader
quote:
You’re comparing the fact you can’t afford the big house in the best neighborhood in the big city to the fact 10 year olds use to work in cotton mills and coal mines.
I’m just extrapolating your logic, “life’s not fair, get over it, and get to work”
Posted on 5/20/25 at 10:58 am to Darth_Vader
quote:The small house in the bad neighborhood is also more expensive than ever before
You’re comparing the fact you can’t afford the big house in the best neighborhood in the big city to the fact 10 year olds use to work in cotton mills and coal mines.
Posted on 5/20/25 at 10:59 am to ImaObserver
quote:Nope
Most of you are commenting on prices whereas in many instances the problem is actually "priorities"
Goods are more expensive relative to income than ever before. That has nothing to do with priorities or spending habits
Simple concept. Extremely simple. 4th grade level stuff
Posted on 5/20/25 at 10:59 am to Mingo Was His NameO
quote:
I’m just extrapolating your logic, “life’s not fair, get over it, and get to work”
Sounds harsh, but it’s true. Sorry mommy never explained the real world to you and now you can’t cope.
Posted on 5/20/25 at 11:00 am to lsupride87
quote:spending more than or at least as much as they make
And why would you think that is?
Posted on 5/20/25 at 11:00 am to Darth_Vader
quote:
Sounds harsh, but it’s true
It’s objectively not true, we live in a fricking society
quote:
Sorry mommy never explained the real world to you and now you can’t cope.
I started making more money than you at like 25
This post was edited on 5/20/25 at 11:01 am
Posted on 5/20/25 at 11:03 am to Chicken
quote:Would the cost of goods being at an all time high compared to income be an important stat?
spending more than or at least as much as they make
This post was edited on 5/20/25 at 11:04 am
Posted on 5/20/25 at 11:09 am to lsupride87
quote:
And why would you think that is?
Netflix, happy hour, and lattes
Posted on 5/20/25 at 11:10 am to RaoulDuke504
I did my part to lower the average. Bought our house at 29!
Posted on 5/20/25 at 11:10 am to Chicken
Well rent isn't $4-500 anymore, it's thousands. I agree the door dash and eating out every meal by most is dumb but the costs of rent and other goods is so much higher now
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