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re: 57% of US households can't afford to buy a $300K home today. The median is around $408K
Posted on 5/14/25 at 3:06 pm to ronricks
Posted on 5/14/25 at 3:06 pm to ronricks
quote:
All these fancy charts are nice and stuff but it ignores that many young people today who can't afford a $300k or $400k home are getting significant down payment help from Boomer parents etc. that enable them to get these homes otherwise we would have a glut of homes on the market and we don't.
Yeah, calling bullshite on this nonsense... I have boomer parents and I'm 45 frickin years old so I'm not exactly on the young side and I'm on my 3rd house.. These younger ones that are in the can't afford stage are if I had to guess more a product of the GEN X crowd..
This post was edited on 5/14/25 at 3:07 pm
1
Posted on 5/14/25 at 3:12 pm to CleverUserName
quote:
Who are electing them?
Boomers and gen x, by and large. Young people generally don’t vote at nearly the same clip as older people. This is a decades long issue. Gen z couldn’t even vote when the politicians and other elected officials who caused this problem were elected.
quote:
Millennials were in high school the last 4 years?
Mass illegal immigration started 4 years ago? This was a problem 40 years ago. Curbing illegal immigration was a top 3 issue for Trump 2016.
Posted on 5/14/25 at 3:17 pm to BarberitosDawg
quote:
The early boomers were kids in the Great Depression and late ones were touched by it. We tried to teach you all the golden rule but your lazy arse rejected it?
boomers are by definition people born between 1946 to 1964
gen X between 1965 to 1980
both my sisters are boomers, but i was born in 1961 and my wife and brother in 65 and 67 and i have more in common with them, in terms of my cultural memory for instance i can remember the beatles on ed sullivan just barely they can remember it like it was yesterday.
my mother graduated from mt. st. mary's high school in 1953 having no memory of the depression.
people who would have been shaped by the depression are my grand parents age both born in 1898 and long dead.
This post was edited on 5/14/25 at 3:18 pm
Posted on 5/14/25 at 3:18 pm to BarberitosDawg
quote:
The early boomers were kids in the Great Depression and late ones were touched by it.
What?
Posted on 5/14/25 at 3:25 pm to Boss
quote:I didn’t say I was playing well
So you should have a ton saved for a house no?
But yes, I have money saved from my playing days.
Posted on 5/14/25 at 3:30 pm to _Hurricane_
quote:Imagine that, a whiny little libtard accuses someone else of being "retarded" and having a simplistic view of the world. At least I'm smart enough to realize that all of my problems are created by the SOB looking back at me in the mirror.
You seem genuinely retarded.
Posted on 5/14/25 at 4:15 pm to JohnnyKilroy
quote:
Boomers and gen x, by and large. Young people generally don’t vote at nearly the same clip as older people.
Not what this chart says:
And this one:
Who is the pro-illegal immigrant party? So it’s basically Gen X and Boomers voting AGAINST allowing it. Not for it.
quote:
Mass illegal immigration started 4 years ago?
The supercharging of it by reversing Trump first term policies, advising all of central and South America that the door is open, giving NGOs tons of USAid money for resettlement, and the dawn of sanctuary cities combined with Biden open borders brought a ton of what the US is having problems with now.
This post was edited on 5/14/25 at 4:19 pm
Posted on 5/14/25 at 4:17 pm to stout
Posted on 5/14/25 at 4:19 pm to DarkDrifter
quote:
I have boomer parents and I'm 45 frickin years old so I'm not exactly on the young side and I'm on my 3rd house..
I’m same age as you. On my third home as well. I got no help but both my cousins did and several friends did. All are 38 to 45 now. It happens more than you think. I also have a Boomer uncle and Boomer aunt neither who have kids. Aunt already told me she’s leaving everything to my brother and I. I suspect we get some from my uncle. My Boomer mom is leaving everything to my brother and I. So is my Boomer dad. All this adds up and there’s tons of GenXers out there that will be in this same position. I’m not going to know what to do with all this Boomer money it’s going to be interesting trying to spend it all.
Posted on 5/14/25 at 4:35 pm to RollTide4547
Like Helena, Arkansas.
Posted on 5/14/25 at 4:59 pm to ronricks
quote:The Great Wealth Transfer!
I’m same age as you. On my third home as well. I got no help but both my cousins did and several friends did. All are 38 to 45 now. It happens more than you think.
Posted on 5/14/25 at 5:10 pm to NC_Tigah
No no no didn’t you hear? That’s not happening. 4cubbies told me it’s all going to be spent at nursing homes and memory care facilities. GenX is getting nothing!!
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