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re: There are more homebuyers over 70 than under 35

Posted on 8/17/25 at 11:29 am to
Posted by wadewilson
Member since Sep 2009
40005 posts
Posted on 8/17/25 at 11:29 am to
What kinda neighborhood?
Posted by jizzle6609
Houston
Member since Jul 2009
17407 posts
Posted on 8/17/25 at 11:30 am to
quote:

I do however believe you lack the understanding that not everyone can be you and statistically will never be like you in current environment.



I 100% understand this but you know what? I’ll never stop telling people to attack because I’ve seen someone come from absolute zero and make it. I’m never going to say, “ha frick you you can never attain what this persons done” because it’s foolish.

Put the work in and anything is possible. Take risks and anything is possible. But I’m not going to sit here and say yeah the economy sucks I feel so bad blah blah. That doesn’t solve anything. All it is, is a distraction and excuse. I use to be really good at giving excuses and avoiding any responsibility for anything and it gets you nowhere.

Anyone can make it, it’s how you live your life. It’s much easier than you can imagine if you take the fluff around you out.


Posted by DrrTiger
Gulf of America
Member since Nov 2023
2316 posts
Posted on 8/17/25 at 11:30 am to
quote:

You don’t have to buy a house, buy a nice trailer and live there a couple years.


We did that in our 30s for several years with a newborn. The drive to work wasn’t fun, but we saved a bunch of money during those years. Try suggesting this to a young person today and they laugh at you. Spoiled brats.
Posted by DCtiger1
Member since Jul 2009
11028 posts
Posted on 8/17/25 at 11:33 am to
I can remember all of my professors in the business school telling us all how fricked we were to be graduating in 2008-2009
Posted by RedHawk
Baton Rouge
Member since Aug 2007
9515 posts
Posted on 8/17/25 at 11:34 am to
quote:

What kinda neighborhood?


It was decent. Never had a single problem with anything the entire 15 years I lived there.
Posted by jizzle6609
Houston
Member since Jul 2009
17407 posts
Posted on 8/17/25 at 11:36 am to
quote:

Typical boomer


1980s homie.


Posted by jizzle6609
Houston
Member since Jul 2009
17407 posts
Posted on 8/17/25 at 11:38 am to
can remember all of my professors in the business school telling us all how fricked we were to be graduating in 2008-2009


And here are.

Advice to you young guys, I don’t care what they teach you in finance or what Dave Ramsey says, find 2-3 large conglomerate stocks and buy what you can monthly and reinvest the dividends.

You will make money and yall need to start acquiring equity in single stocks.
This post was edited on 8/17/25 at 11:40 am
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
21477 posts
Posted on 8/17/25 at 11:40 am to
frick yes. Time to shite on Boomers.
Posted by jizzle6609
Houston
Member since Jul 2009
17407 posts
Posted on 8/17/25 at 11:44 am to
quote:

We did that in our 30s for several years with a newborn. The drive to work wasn’t fun, but we saved a bunch of money during those years. Try suggesting this to a young person today and they laugh at you. Spoiled brats.


This is the biggest difference between us and these younger guys. The chicks they are with will not live in a trailer. They are too good for a trailer. Half the couples I know did this or something similar to save money for a house. I don’t even hear stories like this anymore. They are nonexistent. It’s like these kids are to good to live where they buy their drugs, I don’t get it.

Trailers these days are fugggin nice compared to what I use to see back in the early 200s.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
52941 posts
Posted on 8/17/25 at 11:48 am to
Our first house was 1350/sq foot for a family of 4 and basically a trailer on a slab

It was an hour commute to work too, but we could afford it.
Posted by DrrTiger
Gulf of America
Member since Nov 2023
2316 posts
Posted on 8/17/25 at 11:51 am to
quote:

The victim mentality is prevalent among these kids.


Because their parents also lived about their means and never taught them delayed gratification. One of the things I’m most thankful for is having parents who taught me the value of a dollar.
Posted by thelawnwranglers
Member since Sep 2007
41785 posts
Posted on 8/17/25 at 11:58 am to
Couldn't that be interest rate issue?
Posted by N2cars
Close by
Member since Feb 2008
37867 posts
Posted on 8/17/25 at 12:10 pm to
My first house had wheels. 14' x70'
Posted by Harry Boutte
Louisiana
Member since Oct 2024
3472 posts
Posted on 8/17/25 at 12:25 pm to
quote:

They’re not though.

Yeah they are, about 2 million a year are retiring. There are just more of them than just about anybody else.

The problem is that you're not putting yourself in their place and trying to understand what you would be doing if you were them. You'd be trying to pile up as much in assets as you could before the coming inflation hits you in retirement. You'd also probably be thinking something like, "I've made it this far, I can do whatever the frick I want." After living your life raising kids, living for them, when they're grown up it's time to start living for yourself.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138029 posts
Posted on 8/17/25 at 12:26 pm to
quote:

I think a lot of the Boomer hate is misplaced. I've seen people blame them for taking us off the gold standard and shite like that, even though they were kids at the time. I think the reality is that they just happened to be born in a fairly fortunate time to acquire cheap assets relative to today.


That’s a very fair assessment.

I think the thing that pisses people off the most is when that generation completely ignores the fact that their money was worth a hell of a lot more than it is today, wage stagnation, and housing prices today are nowhere near what they are when they were looking for their first home.
Posted by OvertheDwayneBowe
Member since Sep 2016
3456 posts
Posted on 8/17/25 at 12:51 pm to
quote:

That’s a very fair assessment.

I think the thing that pisses people off the most is when that generation completely ignores the fact that their money was worth a hell of a lot more than it is today, wage stagnation, and housing prices today are nowhere near what they are when they were looking for their first home.


They also refuse to see that home ownership is now a Private Equity business, and that wasn't the case decades ago.

If you wanted to buy a home, there was plenty of land to be purchased to build your own home and you were competing with another young couple at most.

Now, young people are forced to compete against a faceless corporation for homes knowing it's a losing battle in the long run.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
52941 posts
Posted on 8/17/25 at 2:04 pm to
The housing market is going to correct. It's inevitable. Sure, on a long enough time horizon the direction is up, but we can have violent short/medium term corrections, and I think that's where we are headed.

A median income family can't afford a median priced home. It can't stay like this forever.
Posted by Gus007
TN
Member since Jul 2018
14013 posts
Posted on 8/17/25 at 2:14 pm to
quote:

Boomers being boomers


If the grandkids won't work and or they won't save. Blame Grand Pa.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
52941 posts
Posted on 8/17/25 at 2:25 pm to
quote:

That’s a very fair assessment

If we want to correctly blame Boomers for something, blame Clinton for destroying the US manufacturing base with NAFTA.
Posted by wallowinit
Louisiana
Member since Dec 2006
17033 posts
Posted on 8/17/25 at 4:20 pm to
You do have a point.
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