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Started By
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re: The average age of U.S. homebuyers jumps to 56
Posted on 11/4/24 at 12:40 pm to Stinger_1066
Posted on 11/4/24 at 12:40 pm to Stinger_1066
quote:
Boomer here. I bought my first of many homes when was 26. $65K. What is wrong with you younger people? Start small and work your way up. You don't need a McMansion straight out of college.
I'm not buying anything unless it has a room for my dog with an attached bathroom so he doesn't run wet through the house!
1
Posted on 11/4/24 at 12:41 pm to Stinger_1066
quote:
Boomer here. I bought my first of many homes when was 26. $65K. What is wrong with you younger people? Start small and work your way up. You don't need a McMansion straight out of college.
Posted on 11/4/24 at 12:54 pm to stout
Just playing devils advocate but isn’t the average age of an American pretty high? So it stands to figure that would drive the average age of an American doing most anything to a higher level.
Posted on 11/4/24 at 12:54 pm to fareplay
I think I found the problem:
People want a lot more than they used to:
So you have to pay more for a bigger house - and people are surprised?
quote:
400k don’t get a lot
People want a lot more than they used to:
So you have to pay more for a bigger house - and people are surprised?
Posted on 11/4/24 at 12:57 pm to stout
Why don't young people simply build their own house themselves? It's really not that difficult to do in your spare time if you aren't a lazy piece of shite.
If you aren't hammering nails yourself, you have no reason to complain about housing costs.
If you aren't hammering nails yourself, you have no reason to complain about housing costs.
Posted on 11/4/24 at 12:59 pm to stout
What is the age of the average seller?
I'd guess it's about the same and they have to put all that profit into another house or the gubment (sic) get a significant portion of ir.
What per cent of buyers are foreign nationals? My late SIL's house sold for a ridiculous price to two Chinese nationals who paid cash.
I'd guess it's about the same and they have to put all that profit into another house or the gubment (sic) get a significant portion of ir.
What per cent of buyers are foreign nationals? My late SIL's house sold for a ridiculous price to two Chinese nationals who paid cash.
Posted on 11/4/24 at 1:13 pm to DownshiftAndFloorIt
Sounds like your making stuff up and got caught
Posted on 11/4/24 at 1:19 pm to Stinger_1066
quote:
Boomer here. I bought my first of many homes when was 26. $65K. What is wrong with you younger people? Start small and work your way up. You don't need a McMansion straight out of college.
Imagine blaming the individual consumer for the issues in the real estate market. lmao
Posted on 11/4/24 at 1:22 pm to Tantal
Lmfao that same home is 350-400k now
Posted on 11/4/24 at 1:23 pm to JohnnyKilroy
quote:
Why don't young people simply build their own house themselves? It's really not that difficult to do in your spare time if you aren't a lazy piece of shite.
If you aren't hammering nails yourself, you have no reason to complain about housing costs.
everyone owns an axe and a shovel. If someone isn't clearing and grading the lot themselves, they have no reason to complain about housing cost.
Posted on 11/4/24 at 1:25 pm to SuperSaint
quote:
everyone owns an axe and a shovel. If someone isn't clearing and grading the lot themselves, they have no reason to complain about housing cost.
frick man, while we’re at it, we should just go find a Native American tribe, take their land, and start building. Our generation is so lazy.
Posted on 11/4/24 at 1:27 pm to SuperSaint
quote:
everyone owns an axe and a shovel. If someone isn't clearing and grading the lot themselves, they have no reason to complain about housing cost.
Exactly.
I mean shite, you can very easily just buy a dilapidated old piece of shite house and then do the reno yourself, saving you hundreds of thousands on labor. I don't get why people complain about how much homes cost. They really aren't that expensive if you aren't lazy as hell. If you don't know what you're doing that's not excuse either. Youtube is free.
This post was edited on 11/4/24 at 1:29 pm
Posted on 11/4/24 at 1:29 pm to Stinger_1066
quote:
Boomer here. I bought my first of many homes when was 26. $65K. What is wrong with you younger people? Start small and work your way up. You don't need a McMansion straight out of college.
My oldest just bought a house with her husband. She's a waitress/bartender and he's in HVAC. It's in a decent area, but it's affordable and small. We helped them with a down payment. Believe the sales price was $120K.
I feel like most people these days don't have realistic expectations.
Posted on 11/4/24 at 1:32 pm to Stinger_1066
Lmfao where is this 65k house that’s the price of a midsized sedan
Posted on 11/4/24 at 1:32 pm to fareplay
Posted on 11/4/24 at 1:35 pm to Harry Boutte
Where’s the mansions
Posted on 11/4/24 at 1:43 pm to Stinger_1066
quote:
Boomer here. I bought my first of many homes when was 26. $65K. What is wrong with you younger people? Start small and work your way up. You don't need a McMansion straight out of college.
I can’t even get a house in the hood here in Louisville for 65k.
This one is under contract at $140,000.
Shotgun house on Taylor Blvd (low income housing)
This post was edited on 11/4/24 at 1:46 pm
Posted on 11/4/24 at 1:49 pm to stout
We can look forward to soon reading "the average age of U.S. homebuyers jumps to private equity firm"
Posted on 11/4/24 at 1:59 pm to fareplay
quote:
Lmfao that same home is 350-400k now
I was making about $30K as a rookie patrolman at the time. I'm doing much better now though.
Posted on 11/4/24 at 2:06 pm to Tantal
That’s a 2:1 ratio of home price to income. To put that to perspective, that’s like making 150k today for your same home
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