cowboycwr said:

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FLBear5630 said:

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cowboycwr said:

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FLBear5630 said:

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cowboycwr said:

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nein51 said:

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FLBear5630 said:

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nein51 said:

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KaiBear said:

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nein51 said:

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KaiBear said:

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Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

There is a reason that you have traffic jams between 6-9 AM and 4-7 PM. People that are driving from where they can afford their preferred lifestyle to their jobs that pay for them. Everything has a cost. You can find good neighborhoods and nice bedroom communities, but you will drive. Or, you will pay to live in the Urban core.

Ever hear the term "Drive until you qualify"? Generations have made this choice going back to the 50's and 60's. Now, the current generation doesn't want to do it, so the Government has to help? Change the whole thing. All those "Boomers" that bought wisely, improved their property and stay for 20 years now they are supposed to just walk away with little profit. Nevermind many are counting on that for retirement.

---

No one is saying that the government has to help. Or at least I am not.

But your post highlights the problem. Boomers were able to buy a home in nice neighborhoods on one salary. Not even upscale areas but at least safe, good schools, etc.

Now one salary only seems to be able to buy homes in not good areas. Unless that one salary is very high.

---

One salary???? Ever hear of latch key kids, that was the boomers. My wife and I both worked our whole lives. She didn't want to be her Silent Generation mom, whose advice to her was her a career and don't give it up. Her mom was a farm wife.

She became a BSN nurse. Had kids, she worked nights for ten years, soon was home when they got home. They told me I needed a masters, I got one. Said you need Ops experience took a job in Ops in the Panhandle Needed experience, enlisted. Used a VA mortgage, zero down.

Now you want my house at cost? Pay your own dues...

---

Yes the example given that I replied to was done on one salary.

Your anecdotal evidence does not disprove the facts that have been presented in this entire thread.

No one wants your house. Young people are paying their dues but even once they do they are still behind the curve because the cost of everything has skyrocketed while pay has stayed relatively steady or slowly grown and all the things that older people did cannot be done the same way

---

From what I have observed with young people and I have 2 and all their posse's...They do not want to live in the burbs. They spend a good deal of their earnings on renting fancy places in the city and also spend a great deal of their income going out , travel and experiences. Just my experience.

FLBear5630 said:

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nein51 said:

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FLBear5630 said:

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J.R. said:

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Redbrickbear said:

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cowboycwr said:

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nein51 said:

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cowboycwr said:

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nein51 said:

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FLBear5630 said:

---

nein51 said:

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KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

If you don't have $5,000 to move then you don't have enough money to own a home regardless of its location.

If you can't make a living where you live then you're going to have to move or take on more work. It's quite literally what happened to the American Midwest 100 years ago and how we ended up in cities to begin with.

---

Sorry but that is a horrible take and bordering on elitist think.

You seriously sound like the people telling people to "learn to code" and then also telling those same people to just deal with it as their job is replaced by AI.

There is a huge difference between not being able to afford a house in an upscale neighborhood and not being able to afford a house at all.

---

Not to mention we have basically nuked the social contact and the old cultural America of the 1950s

There are places you just can't live in America anymore…because the jobs have been shipped over seas or the social standards of behavior have collapsed to such a sad low point your kids will get murdered if you try to send them to the local public schools.

Hell in modern America buying a $700,000 dollar house in Frisco will not even necessarily save your child from being stabbed to death at a school event by some low IQ/low impulse control psychopath

---

I'd live in a shoe box instead of Frisco. Place be creepy.

---

Shame too. I used to love visiting SF. Funny, some areas around the urban area are very nice. I lived in Pacific Grove for a year and got up to SF area a lot in 90. Expensive but was still a great visit.

---

Pretty confident he meant Frisco Texas not San Francisco

---

Thanks. Never been there!

---

think Edward Scissorhands.

cowboycwr said:

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FLBear5630 said:

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cowboycwr said:

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FLBear5630 said:

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cowboycwr said:

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FLBear5630 said:

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cowboycwr said:

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nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

There is a reason that you have traffic jams between 6-9 AM and 4-7 PM. People that are driving from where they can afford their preferred lifestyle to their jobs that pay for them. Everything has a cost. You can find good neighborhoods and nice bedroom communities, but you will drive. Or, you will pay to live in the Urban core.

Ever hear the term "Drive until you qualify"? Generations have made this choice going back to the 50's and 60's. Now, the current generation doesn't want to do it, so the Government has to help? Change the whole thing. All those "Boomers" that bought wisely, improved their property and stay for 20 years now they are supposed to just walk away with little profit. Nevermind many are counting on that for retirement.

---

No one is saying that the government has to help. Or at least I am not.

But your post highlights the problem. Boomers were able to buy a home in nice neighborhoods on one salary. Not even upscale areas but at least safe, good schools, etc.

Now one salary only seems to be able to buy homes in not good areas. Unless that one salary is very high.

---

One salary???? Ever hear of latch key kids, that was the boomers. My wife and I both worked our whole lives. She didn't want to be her Silent Generation mom, whose advice to her was her a career and don't give it up. Her mom was a farm wife.

She became a BSN nurse. Had kids, she worked nights for ten years, soon was home when they got home. They told me I needed a masters, I got one. Said you need Ops experience took a job in Ops in the Panhandle Needed experience, enlisted. Used a VA mortgage, zero down.

Now you want my house at cost? Pay your own dues...

---

Yes the example given that I replied to was done on one salary.

Your anecdotal evidence does not disprove the facts that have been presented in this entire thread.

No one wants your house. Young people are paying their dues but even once they do they are still behind the curve because the cost of everything has skyrocketed while pay has stayed relatively steady or slowly grown and all the things that older people did cannot be done the same way

---

I beg to differ, the expectations of what they believe they should have is much different. Fly sometime, look around at the number of kids. They are paying full ticket for each. Ask how often they eat out. Look at the cars. Go to a gym, $79 a month. Pilates $199. Sorry, what I see is a different expectation for what they believe they should have. Went out with son, watched 20 something/30 something order rounds. Commented how much a night out would cost them, dropping $300 at a bar or concert without a thought and complained about not being able to afford a house? Concerts look around in a stadium who is there. How much is a smart phone bill? Streaming? There is alot of spending going on.

Going out once a month was a big deal when we were that age. Prices may be up, but lifestyles are not more frugal by a long shot.

---

Again. Anecdotal evidence disproved by the facts of this thread.

---

Facts? This whole thread is anecdotal evidence. There are millions of young people buying homes today. There is no shortage of buyers, if you live in a decent location. Houses stay on the market less than 30 days and prices are appreciating. So I would disagree no one wants Boomers houses.

But keep blaming everything else. Historically, 6% interest is good. These Boomers you say have it so easy dealt with 10% interest and much stricter lending standards. It all equals out.

Higher price, lower lending standards and lower interest

Vs

Lower price, strict lending and high interest rates.

Those earlier generations made it because they did less. They didn't have extras and lived lifestyles your generation could not do. No cable, no cell phone, one car, no eating out, no vacations, drive to family visits, no education costs, etc... All that money went to house ... All relative. So it does play into your discussion and is not anecdotal.

cowboycwr said:

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nein51 said:

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KaiBear said:

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Redbrickbear said:

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cowboycwr said:

---

nein51 said:

---

cowboycwr said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

If you don't have $5,000 to move then you don't have enough money to own a home regardless of its location.

If you can't make a living where you live then you're going to have to move or take on more work. It's quite literally what happened to the American Midwest 100 years ago and how we ended up in cities to begin with.

---

Sorry but that is a horrible take and bordering on elitist think.

You seriously sound like the people telling people to "learn to code" and then also telling those same people to just deal with it as their job is replaced by AI.

There is a huge difference between not being able to afford a house in an upscale neighborhood and not being able to afford a house at all.

---

Not to mention we have basically nuked the social contact and the old cultural America of the 1950s

There are places you just can't live in America anymore…because the jobs have been shipped over seas or the social standards of behavior have collapsed to such a sad low point your kids will get murdered if you try to send them to the local public schools.

Hell in modern America buying a $700,000 dollar house in Frisco will not even necessarily save your child from being stabbed to death at a school event by some low IQ/low impulse control psychopath

---

Bingo

It is not enough just to buy a house in order to have shelter.
Current realities involve buying a house where you and your family can SURVIVE.

Yeah, you can buy a house in East Saint Louis for a bargain price…..but it still isn't the common sense move.

---

I spent 13 years living in Bedford, OH there was a woman shot and killed by her BF not 4 blocks from my old house 2 weeks ago.

Never one time did I feel unsafe in my home.

I didn't buy just up the road in Solon because I couldn't afford to.

Someone mentioned Frisco. When I lived in DFW I live in Coppell, I wanted to live in Southlake because it was so much closer to my job but I couldn't afford to.

When I lived in Chicago I lived about 2 miles from where Prison Break was filmed and commuted easily 90 mins a day to my office which was across the street from Medina Country Club (we closed for PGA events) and I did that because I couldn't afford to live near the office.

I'm in my mid 40s, I've made 6 figures for the last 25 years and I finally bought a home I actually like about 40 days ago and even it is a compromise because I couldn't afford what I wanted nearer to my business.

This notion that you're going to go to college, get your first job and buy a 4/3 in Park Cities is utterly insane. Especially when you consider that people aren't getting married until much later in life which limits the amount of time you have dual income and no kids.

---

Your anecdotal story and false belief that young people are ONLY trying to buy upper middle class houses don't disprove the facts of this thread. Young people are not buying houses and can't afford to.

---

That's not anecdotal evidence the average size of a home is much larger than it was 30 years ago and much, much larger than it was 60 years ago and we are having fewer children means the homes should be smaller not larger. Builders could make smaller homes and make more of them at a higher margin but they don't; ask why that is…it's because they can't sell them.

They are absolutely trying to buy what used to be 2nd and 3rd homes as starter homes. They don't want to commute (hell multiple of my kids friends won't even drive on the highway), they don't want 1,200sq ft homes…what they want it to buy the home their parents own only nicer and without the benefit of working the 20+ years it took their parents to get it.

this is really simple. Live within your means. I don't care how much money you have or make, everyone has a budget and have to make tradeoff that are important to them. Really simple . No-one is guaranteed a house. If you can't afford one, live in an apt. or condo where you like. No-one is guaranteed "good" schools. Hell, I have young couples is my building with babies. life is all about our choices.

J.R. said:

---

this is really simple. Live within your means. I don't care how much money you have or make, everyone has a budget and have to make tradeoff that are important to them. Really simple . No-one is guaranteed a house. If you can't afford one, live in an apt. or condo where you like. No-one is guaranteed "good" schools. Hell, I have young couples is my building with babies. life is all about our choices.

---

I tell my wife all the time life is a series of compromises until you die.

nein51 said:

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cowboycwr said:

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nein51 said:

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KaiBear said:

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Redbrickbear said:

---

cowboycwr said:

---

nein51 said:

---

cowboycwr said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

If you don't have $5,000 to move then you don't have enough money to own a home regardless of its location.

If you can't make a living where you live then you're going to have to move or take on more work. It's quite literally what happened to the American Midwest 100 years ago and how we ended up in cities to begin with.

---

Sorry but that is a horrible take and bordering on elitist think.

You seriously sound like the people telling people to "learn to code" and then also telling those same people to just deal with it as their job is replaced by AI.

There is a huge difference between not being able to afford a house in an upscale neighborhood and not being able to afford a house at all.

---

Not to mention we have basically nuked the social contact and the old cultural America of the 1950s

There are places you just can't live in America anymore…because the jobs have been shipped over seas or the social standards of behavior have collapsed to such a sad low point your kids will get murdered if you try to send them to the local public schools.

Hell in modern America buying a $700,000 dollar house in Frisco will not even necessarily save your child from being stabbed to death at a school event by some low IQ/low impulse control psychopath

---

Bingo

It is not enough just to buy a house in order to have shelter.
Current realities involve buying a house where you and your family can SURVIVE.

Yeah, you can buy a house in East Saint Louis for a bargain price…..but it still isn't the common sense move.

---

I spent 13 years living in Bedford, OH there was a woman shot and killed by her BF not 4 blocks from my old house 2 weeks ago.

Never one time did I feel unsafe in my home.

I didn't buy just up the road in Solon because I couldn't afford to.

Someone mentioned Frisco. When I lived in DFW I live in Coppell, I wanted to live in Southlake because it was so much closer to my job but I couldn't afford to.

When I lived in Chicago I lived about 2 miles from where Prison Break was filmed and commuted easily 90 mins a day to my office which was across the street from Medina Country Club (we closed for PGA events) and I did that because I couldn't afford to live near the office.

I'm in my mid 40s, I've made 6 figures for the last 25 years and I finally bought a home I actually like about 40 days ago and even it is a compromise because I couldn't afford what I wanted nearer to my business.

This notion that you're going to go to college, get your first job and buy a 4/3 in Park Cities is utterly insane. Especially when you consider that people aren't getting married until much later in life which limits the amount of time you have dual income and no kids.

---

Your anecdotal story and false belief that young people are ONLY trying to buy upper middle class houses don't disprove the facts of this thread. Young people are not buying houses and can't afford to.

---

That's not anecdotal evidence the average size of a home is much larger than it was 30 years ago and much, much larger than it was 60 years ago and we are having fewer children means the homes should be smaller not larger. Builders could make smaller homes and make more of them at a higher margin but they don't; ask why that is…it's because they can't sell them.

They are absolutely trying to buy what used to be 2nd and 3rd homes as starter homes. They don't want to commute (hell multiple of my kids friends won't even drive on the highway), they don't want 1,200sq ft homes…what they want it to buy the home their parents own only nicer and without the benefit of working the 20+ years it took their parents to get it.

---

Yes it is. When you say "I" and "my neighborhood" and are giving a lot of personal stories that is not factual for the whole country.

There are plenty of people buying smaller houses. Hence the whole argument about gentrification of neighborhoods.

But there are also those that just want an affordable house in a safe area of town. And that is often hard to find or impossible to find.

It isn't about trying to find that 3,000 sq ft house with 2 acres of land as a first house. But trying to find one that isn't one of those tiny homes, is in a safe part of town, has an actual yard (not the strip of grass many new homes call the backyard), and is priced well.

The problem is that the areas where the older generations bought a house as their first house are not good parts of town anymore. And the suburbs are mostly full of the 2nd or 3rd house.

So there is a lack of starter houses. But the older generations bought clearly doesn't want to accept that given the responses on this thread.

FLBear5630 said:

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cowboycwr said:

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FLBear5630 said:

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cowboycwr said:

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FLBear5630 said:

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cowboycwr said:

---

FLBear5630 said:

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cowboycwr said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

There is a reason that you have traffic jams between 6-9 AM and 4-7 PM. People that are driving from where they can afford their preferred lifestyle to their jobs that pay for them. Everything has a cost. You can find good neighborhoods and nice bedroom communities, but you will drive. Or, you will pay to live in the Urban core.

Ever hear the term "Drive until you qualify"? Generations have made this choice going back to the 50's and 60's. Now, the current generation doesn't want to do it, so the Government has to help? Change the whole thing. All those "Boomers" that bought wisely, improved their property and stay for 20 years now they are supposed to just walk away with little profit. Nevermind many are counting on that for retirement.

---

No one is saying that the government has to help. Or at least I am not.

But your post highlights the problem. Boomers were able to buy a home in nice neighborhoods on one salary. Not even upscale areas but at least safe, good schools, etc.

Now one salary only seems to be able to buy homes in not good areas. Unless that one salary is very high.

---

One salary???? Ever hear of latch key kids, that was the boomers. My wife and I both worked our whole lives. She didn't want to be her Silent Generation mom, whose advice to her was her a career and don't give it up. Her mom was a farm wife.

She became a BSN nurse. Had kids, she worked nights for ten years, soon was home when they got home. They told me I needed a masters, I got one. Said you need Ops experience took a job in Ops in the Panhandle Needed experience, enlisted. Used a VA mortgage, zero down.

Now you want my house at cost? Pay your own dues...

---

Yes the example given that I replied to was done on one salary.

Your anecdotal evidence does not disprove the facts that have been presented in this entire thread.

No one wants your house. Young people are paying their dues but even once they do they are still behind the curve because the cost of everything has skyrocketed while pay has stayed relatively steady or slowly grown and all the things that older people did cannot be done the same way

---

I beg to differ, the expectations of what they believe they should have is much different. Fly sometime, look around at the number of kids. They are paying full ticket for each. Ask how often they eat out. Look at the cars. Go to a gym, $79 a month. Pilates $199. Sorry, what I see is a different expectation for what they believe they should have. Went out with son, watched 20 something/30 something order rounds. Commented how much a night out would cost them, dropping $300 at a bar or concert without a thought and complained about not being able to afford a house? Concerts look around in a stadium who is there. How much is a smart phone bill? Streaming? There is alot of spending going on.

Going out once a month was a big deal when we were that age. Prices may be up, but lifestyles are not more frugal by a long shot.

---

Again. Anecdotal evidence disproved by the facts of this thread.

---

Facts? This whole thread is anecdotal evidence. There are millions of young people buying homes today. There is no shortage of buyers, if you live in a decent location. Houses stay on the market less than 30 days and prices are appreciating. So I would disagree no one wants Boomers houses.

But keep blaming everything else. Historically, 6% interest is good. These Boomers you say have it so easy dealt with 10% interest and much stricter lending standards. It all equals out.

Higher price, lower lending standards and lower interest

Vs

Lower price, strict lending and high interest rates.

Those earlier generations made it because they did less. They didn't have extras and lived lifestyles your generation could not do. No cable, no cell phone, one car, no eating out, no vacations, drive to family visits, no education costs, etc... All that money went to house ... All relative. So it does play into your discussion and is not anecdotal.

---

This thread is full of facts, charts, graphs, and solid numbers.

I am not blaming anything.

I never said boomers had it easy. But I have pointed out how one salary was often sufficient to pay for a family. That is not the case these days.

Your cell phone example is horribly flawed. Try to do life today with only a landline. It is extremely hard to do. But it still comes down to one salary provided for the family. Now one salary doesn't even without many of the things you mentioned. There are plenty of families that don't go on vacation, don't pay for education, don't eat out, no trips or anything else and are still barely getting by.

cowboycwr said:

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FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

There is a reason that you have traffic jams between 6-9 AM and 4-7 PM. People that are driving from where they can afford their preferred lifestyle to their jobs that pay for them. Everything has a cost. You can find good neighborhoods and nice bedroom communities, but you will drive. Or, you will pay to live in the Urban core.

Ever hear the term "Drive until you qualify"? Generations have made this choice going back to the 50's and 60's. Now, the current generation doesn't want to do it, so the Government has to help? Change the whole thing. All those "Boomers" that bought wisely, improved their property and stay for 20 years now they are supposed to just walk away with little profit. Nevermind many are counting on that for retirement.

---

No one is saying that the government has to help. Or at least I am not.

But your post highlights the problem. Boomers were able to buy a home in nice neighborhoods on one salary. Not even upscale areas but at least safe, good schools, etc.

Now one salary only seems to be able to buy homes in not good areas. Unless that one salary is very high.

---

One salary???? Ever hear of latch key kids, that was the boomers. My wife and I both worked our whole lives. She didn't want to be her Silent Generation mom, whose advice to her was her a career and don't give it up. Her mom was a farm wife.

She became a BSN nurse. Had kids, she worked nights for ten years, soon was home when they got home. They told me I needed a masters, I got one. Said you need Ops experience took a job in Ops in the Panhandle Needed experience, enlisted. Used a VA mortgage, zero down.

Now you want my house at cost? Pay your own dues...

---

Yes the example given that I replied to was done on one salary.

Your anecdotal evidence does not disprove the facts that have been presented in this entire thread.

No one wants your house. Young people are paying their dues but even once they do they are still behind the curve because the cost of everything has skyrocketed while pay has stayed relatively steady or slowly grown and all the things that older people did cannot be done the same way

---

I beg to differ, the expectations of what they believe they should have is much different. Fly sometime, look around at the number of kids. They are paying full ticket for each. Ask how often they eat out. Look at the cars. Go to a gym, $79 a month. Pilates $199. Sorry, what I see is a different expectation for what they believe they should have. Went out with son, watched 20 something/30 something order rounds. Commented how much a night out would cost them, dropping $300 at a bar or concert without a thought and complained about not being able to afford a house? Concerts look around in a stadium who is there. How much is a smart phone bill? Streaming? There is alot of spending going on.

Going out once a month was a big deal when we were that age. Prices may be up, but lifestyles are not more frugal by a long shot.

---

Again. Anecdotal evidence disproved by the facts of this thread.

---

Facts? This whole thread is anecdotal evidence. There are millions of young people buying homes today. There is no shortage of buyers, if you live in a decent location. Houses stay on the market less than 30 days and prices are appreciating. So I would disagree no one wants Boomers houses.

But keep blaming everything else. Historically, 6% interest is good. These Boomers you say have it so easy dealt with 10% interest and much stricter lending standards. It all equals out.

Higher price, lower lending standards and lower interest

Vs

Lower price, strict lending and high interest rates.

Those earlier generations made it because they did less. They didn't have extras and lived lifestyles your generation could not do. No cable, no cell phone, one car, no eating out, no vacations, drive to family visits, no education costs, etc... All that money went to house ... All relative. So it does play into your discussion and is not anecdotal.

---

This thread is full of facts, charts, graphs, and solid numbers.

I am not blaming anything.

I never said boomers had it easy. But I have pointed out how one salary was often sufficient to pay for a family. That is not the case these days.

Your cell phone example is horribly flawed. Try to do life today with only a landline. It is extremely hard to do. But it still comes down to one salary provided for the family. Now one salary doesn't even without many of the things you mentioned. There are plenty of families that don't go on vacation, don't pay for education, don't eat out, no trips or anything else and are still barely getting by.

---

I agree about phone and even internet. There are more expenses than back then. But, you asked how they did it. A house may only cost $40k, but you only made 24k a year for a family of 7 with one income. The house was IT, one 2k car and a house. Now, money goes many more different places.



Area I was born and grew up in Queens. Not much of a yard...
To your point, today worth $750k. Location, location, location. Bedroom community for Manhattan.

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

There is a reason that you have traffic jams between 6-9 AM and 4-7 PM. People that are driving from where they can afford their preferred lifestyle to their jobs that pay for them. Everything has a cost. You can find good neighborhoods and nice bedroom communities, but you will drive. Or, you will pay to live in the Urban core.

Ever hear the term "Drive until you qualify"? Generations have made this choice going back to the 50's and 60's. Now, the current generation doesn't want to do it, so the Government has to help? Change the whole thing. All those "Boomers" that bought wisely, improved their property and stay for 20 years now they are supposed to just walk away with little profit. Nevermind many are counting on that for retirement.

---

No one is saying that the government has to help. Or at least I am not.

But your post highlights the problem. Boomers were able to buy a home in nice neighborhoods on one salary. Not even upscale areas but at least safe, good schools, etc.

Now one salary only seems to be able to buy homes in not good areas. Unless that one salary is very high.

---

One salary???? Ever hear of latch key kids, that was the boomers. My wife and I both worked our whole lives. She didn't want to be her Silent Generation mom, whose advice to her was her a career and don't give it up. Her mom was a farm wife.

She became a BSN nurse. Had kids, she worked nights for ten years, soon was home when they got home. They told me I needed a masters, I got one. Said you need Ops experience took a job in Ops in the Panhandle Needed experience, enlisted. Used a VA mortgage, zero down.

Now you want my house at cost? Pay your own dues...

---

Yes the example given that I replied to was done on one salary.

Your anecdotal evidence does not disprove the facts that have been presented in this entire thread.

No one wants your house. Young people are paying their dues but even once they do they are still behind the curve because the cost of everything has skyrocketed while pay has stayed relatively steady or slowly grown and all the things that older people did cannot be done the same way

---

I beg to differ, the expectations of what they believe they should have is much different. Fly sometime, look around at the number of kids. They are paying full ticket for each. Ask how often they eat out. Look at the cars. Go to a gym, $79 a month. Pilates $199. Sorry, what I see is a different expectation for what they believe they should have. Went out with son, watched 20 something/30 something order rounds. Commented how much a night out would cost them, dropping $300 at a bar or concert without a thought and complained about not being able to afford a house? Concerts look around in a stadium who is there. How much is a smart phone bill? Streaming? There is alot of spending going on.

Going out once a month was a big deal when we were that age. Prices may be up, but lifestyles are not more frugal by a long shot.

---

Again. Anecdotal evidence disproved by the facts of this thread.

---

Facts? This whole thread is anecdotal evidence. There are millions of young people buying homes today. There is no shortage of buyers, if you live in a decent location. Houses stay on the market less than 30 days and prices are appreciating. So I would disagree no one wants Boomers houses.

But keep blaming everything else. Historically, 6% interest is good. These Boomers you say have it so easy dealt with 10% interest and much stricter lending standards. It all equals out.

Higher price, lower lending standards and lower interest

Vs

Lower price, strict lending and high interest rates.

Those earlier generations made it because they did less. They didn't have extras and lived lifestyles your generation could not do. No cable, no cell phone, one car, no eating out, no vacations, drive to family visits, no education costs, etc... All that money went to house ... All relative. So it does play into your discussion and is not anecdotal.

---

This thread is full of facts, charts, graphs, and solid numbers.

I am not blaming anything.

I never said boomers had it easy. But I have pointed out how one salary was often sufficient to pay for a family. That is not the case these days.

Your cell phone example is horribly flawed. Try to do life today with only a landline. It is extremely hard to do. But it still comes down to one salary provided for the family. Now one salary doesn't even without many of the things you mentioned. There are plenty of families that don't go on vacation, don't pay for education, don't eat out, no trips or anything else and are still barely getting by.

---

I agree about phone and even internet. There are more expenses than back then. But, you asked how they did it. A house may only cost $40k, but you only made 24k a year for a family of 7 with one income. The house was IT, one 2k car and a house. Now, money goes many more different places.



Area I was born and grew up in Queens. Not much of a yard...
To your point, today worth $750k. Location, location, location. Bedroom community for Manhattan.

---

In Cleveland you could buy all the homes in that picture for $750k and have multiple hundreds of thousands left… and you could do it in multiple neighborhoods, you wouldn't like the neighborhood much though.

Six corporate landlords have acquired a total of almost 7,000 single-family homes to rent out in Franklin County, Ohio. Five of these landlords are owned or backed by private equity firms.

Two of the landlords, American Homes 4 Rent and Vinebrook Homes, have been active in… pic.twitter.com/gmyKUClXBC

— Nightingale Associates (@FCNightingale) August 13, 2025

Makes sense. That area is growing FAST.

That Dublin area was straight farmland 15-20 years ago. It is nothing like that now.

nein51 said:

---

Makes sense. That area is growing FAST.

That Dublin area was straight farmland 15-20 years ago. It is nothing like that now.

---

yup. We used to dove hunt and ride motocross bikes in Plano and Frisco. It was the same.

J.R. said:

---

nein51 said:

---

Makes sense. That area is growing FAST.

That Dublin area was straight farmland 15-20 years ago. It is nothing like that now.

---

yup. We used to dove hunt and ride motocross bikes in Plano and Frisco. It was the same.

---

Yes when I was a kid one of my grandparents friends had a large ranch in Plano. It bordered other large ranches. I remember thinking it was the middle of nowhere because you couldn't see any other houses when you were at their house.

FLBear5630 said:

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cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

There is a reason that you have traffic jams between 6-9 AM and 4-7 PM. People that are driving from where they can afford their preferred lifestyle to their jobs that pay for them. Everything has a cost. You can find good neighborhoods and nice bedroom communities, but you will drive. Or, you will pay to live in the Urban core.

Ever hear the term "Drive until you qualify"? Generations have made this choice going back to the 50's and 60's. Now, the current generation doesn't want to do it, so the Government has to help? Change the whole thing. All those "Boomers" that bought wisely, improved their property and stay for 20 years now they are supposed to just walk away with little profit. Nevermind many are counting on that for retirement.

---

No one is saying that the government has to help. Or at least I am not.

But your post highlights the problem. Boomers were able to buy a home in nice neighborhoods on one salary. Not even upscale areas but at least safe, good schools, etc.

Now one salary only seems to be able to buy homes in not good areas. Unless that one salary is very high.

---

One salary???? Ever hear of latch key kids, that was the boomers. My wife and I both worked our whole lives. She didn't want to be her Silent Generation mom, whose advice to her was her a career and don't give it up. Her mom was a farm wife.

She became a BSN nurse. Had kids, she worked nights for ten years, soon was home when they got home. They told me I needed a masters, I got one. Said you need Ops experience took a job in Ops in the Panhandle Needed experience, enlisted. Used a VA mortgage, zero down.

Now you want my house at cost? Pay your own dues...

---

Yes the example given that I replied to was done on one salary.

Your anecdotal evidence does not disprove the facts that have been presented in this entire thread.

No one wants your house. Young people are paying their dues but even once they do they are still behind the curve because the cost of everything has skyrocketed while pay has stayed relatively steady or slowly grown and all the things that older people did cannot be done the same way

---

I beg to differ, the expectations of what they believe they should have is much different. Fly sometime, look around at the number of kids. They are paying full ticket for each. Ask how often they eat out. Look at the cars. Go to a gym, $79 a month. Pilates $199. Sorry, what I see is a different expectation for what they believe they should have. Went out with son, watched 20 something/30 something order rounds. Commented how much a night out would cost them, dropping $300 at a bar or concert without a thought and complained about not being able to afford a house? Concerts look around in a stadium who is there. How much is a smart phone bill? Streaming? There is alot of spending going on.

Going out once a month was a big deal when we were that age. Prices may be up, but lifestyles are not more frugal by a long shot.

---

Again. Anecdotal evidence disproved by the facts of this thread.

---

Facts? This whole thread is anecdotal evidence. There are millions of young people buying homes today. There is no shortage of buyers, if you live in a decent location. Houses stay on the market less than 30 days and prices are appreciating. So I would disagree no one wants Boomers houses.

But keep blaming everything else. Historically, 6% interest is good. These Boomers you say have it so easy dealt with 10% interest and much stricter lending standards. It all equals out.

Higher price, lower lending standards and lower interest

Vs

Lower price, strict lending and high interest rates.

Those earlier generations made it because they did less. They didn't have extras and lived lifestyles your generation could not do. No cable, no cell phone, one car, no eating out, no vacations, drive to family visits, no education costs, etc... All that money went to house ... All relative. So it does play into your discussion and is not anecdotal.

---

This thread is full of facts, charts, graphs, and solid numbers.

I am not blaming anything.

I never said boomers had it easy. But I have pointed out how one salary was often sufficient to pay for a family. That is not the case these days.

Your cell phone example is horribly flawed. Try to do life today with only a landline. It is extremely hard to do. But it still comes down to one salary provided for the family. Now one salary doesn't even without many of the things you mentioned. There are plenty of families that don't go on vacation, don't pay for education, don't eat out, no trips or anything else and are still barely getting by.

---

I agree about phone and even internet. There are more expenses than back then. But, you asked how they did it. A house may only cost $40k, but you only made 24k a year for a family of 7 with one income. The house was IT, one 2k car and a house. Now, money goes many more different places.



Area I was born and grew up in Queens. Not much of a yard...
To your point, today worth $750k. Location, location, location. Bedroom community for Manhattan.

---

It wasn't just house and car. You had the same bills as today (gas, electricity, water), gas for car, insurance, etc.

But all those things cost a lot less back then, even adjusted for difference between dollar value. The prices of everything has gone up but income has not gone up at the same pace. Just look at the price of a house in your example compared to salary. It was about double the salary. Now I would bet the average home price is much more than double the salary like your example.

That yard is small. In many areas, especially many people in TX, they want a bigger yard to be able to play, grill, etc. again not acres of land but at least enough to hold the above things and a table. Many houses now come with a yard where the back fence is maybe 10 feet from the back door.

But you are right about location. It cause prices to be inflated which then forces people to move to the unsafe areas because they are priced out of the safe areas.

Lumber prices are declining.

A leading indicator for new home construction if this trend holds.

Something to keep an eye on. pic.twitter.com/9UZAhK68UQ

— AKM (@akm515) August 13, 2025

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

FLBear5630 said:

---

cowboycwr said:

---

nein51 said:

---

FLBear5630 said:

---

nein51 said:

---

KaiBear said:

---

nein51 said:

---

KaiBear said:

---

Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

---

In no world except California, NYC and maybe Chicago is $35/hr low paying.

---

How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

---

I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

There is a reason that you have traffic jams between 6-9 AM and 4-7 PM. People that are driving from where they can afford their preferred lifestyle to their jobs that pay for them. Everything has a cost. You can find good neighborhoods and nice bedroom communities, but you will drive. Or, you will pay to live in the Urban core.

Ever hear the term "Drive until you qualify"? Generations have made this choice going back to the 50's and 60's. Now, the current generation doesn't want to do it, so the Government has to help? Change the whole thing. All those "Boomers" that bought wisely, improved their property and stay for 20 years now they are supposed to just walk away with little profit. Nevermind many are counting on that for retirement.

---

No one is saying that the government has to help. Or at least I am not.

But your post highlights the problem. Boomers were able to buy a home in nice neighborhoods on one salary. Not even upscale areas but at least safe, good schools, etc.

Now one salary only seems to be able to buy homes in not good areas. Unless that one salary is very high.

---

One salary???? Ever hear of latch key kids, that was the boomers. My wife and I both worked our whole lives. She didn't want to be her Silent Generation mom, whose advice to her was her a career and don't give it up. Her mom was a farm wife.

She became a BSN nurse. Had kids, she worked nights for ten years, soon was home when they got home. They told me I needed a masters, I got one. Said you need Ops experience took a job in Ops in the Panhandle Needed experience, enlisted. Used a VA mortgage, zero down.

Now you want my house at cost? Pay your own dues...

---

Yes the example given that I replied to was done on one salary.

Your anecdotal evidence does not disprove the facts that have been presented in this entire thread.

No one wants your house. Young people are paying their dues but even once they do they are still behind the curve because the cost of everything has skyrocketed while pay has stayed relatively steady or slowly grown and all the things that older people did cannot be done the same way

---

I beg to differ, the expectations of what they believe they should have is much different. Fly sometime, look around at the number of kids. They are paying full ticket for each. Ask how often they eat out. Look at the cars. Go to a gym, $79 a month. Pilates $199. Sorry, what I see is a different expectation for what they believe they should have. Went out with son, watched 20 something/30 something order rounds. Commented how much a night out would cost them, dropping $300 at a bar or concert without a thought and complained about not being able to afford a house? Concerts look around in a stadium who is there. How much is a smart phone bill? Streaming? There is alot of spending going on.

Going out once a month was a big deal when we were that age. Prices may be up, but lifestyles are not more frugal by a long shot.

---

Again. Anecdotal evidence disproved by the facts of this thread.

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Facts? This whole thread is anecdotal evidence. There are millions of young people buying homes today. There is no shortage of buyers, if you live in a decent location. Houses stay on the market less than 30 days and prices are appreciating. So I would disagree no one wants Boomers houses.

But keep blaming everything else. Historically, 6% interest is good. These Boomers you say have it so easy dealt with 10% interest and much stricter lending standards. It all equals out.

Higher price, lower lending standards and lower interest

Vs

Lower price, strict lending and high interest rates.

Those earlier generations made it because they did less. They didn't have extras and lived lifestyles your generation could not do. No cable, no cell phone, one car, no eating out, no vacations, drive to family visits, no education costs, etc... All that money went to house ... All relative. So it does play into your discussion and is not anecdotal.

---

This thread is full of facts, charts, graphs, and solid numbers.

I am not blaming anything.

I never said boomers had it easy. But I have pointed out how one salary was often sufficient to pay for a family. That is not the case these days.

Your cell phone example is horribly flawed. Try to do life today with only a landline. It is extremely hard to do. But it still comes down to one salary provided for the family. Now one salary doesn't even without many of the things you mentioned. There are plenty of families that don't go on vacation, don't pay for education, don't eat out, no trips or anything else and are still barely getting by.

---

I agree about phone and even internet. There are more expenses than back then. But, you asked how they did it. A house may only cost $40k, but you only made 24k a year for a family of 7 with one income. The house was IT, one 2k car and a house. Now, money goes many more different places.



Area I was born and grew up in Queens. Not much of a yard...
To your point, today worth $750k. Location, location, location. Bedroom community for Manhattan.

---

It wasn't just house and car. You had the same bills as today (gas, electricity, water), gas for car, insurance, etc.

But all those things cost a lot less back then, even adjusted for difference between dollar value. The prices of everything has gone up but income has not gone up at the same pace. Just look at the price of a house in your example compared to salary. It was about double the salary. Now I would bet the average home price is much more than double the salary like your example.

That yard is small. In many areas, especially many people in TX, they want a bigger yard to be able to play, grill, etc. again not acres of land but at least enough to hold the above things and a table. Many houses now come with a yard where the back fence is maybe 10 feet from the back door.

But you are right about location. It cause prices to be inflated which then forces people to move to the unsafe areas because they are priced out of the safe areas.

---

Same process is playing out in Canada and the UK as well.

Housing prices out pacing wage growth

The reason it feels like you cant keep up to the lifestyle your parents lived

is because you can't.

Wages have kept pace with CPI.

Whereas, housing prices have quadrupled, even after inflation is removed. pic.twitter.com/vXYoX9andZ

— Tablesalt 🇨🇦 (@Tablesalt13) November 9, 2024

When young people today complain about how expensive everything is, it’s important to remember this: It’s not only that we have to pay more, it’s that we’re also getting less

Higher prices, lower quality. Late stage capitalism at its worst

— Amy Nixon (@texasrunnerDFW) August 14, 2025

boognish_bear said:

---

When young people today complain about how expensive everything is, it’s important to remember this: It’s not only that we have to pay more, it’s that we’re also getting less

Higher prices, lower quality. Late stage capitalism at its worst

— Amy Nixon (@texasrunnerDFW) August 14, 2025

---

always look at a builders prior work.. it kills me to see house after house with porch posts wihere the wraps are hanging off the concrete slab.

U.S. apartment demand is projected to surpass new supply by late 2025 for the first time since early 2022, marking a turning point that should push overall vacancy below 8% as completions slow by about 34% over the next year.https://t.co/4lCfxRlxZB

— CoStar News (@CoStarNews) August 13, 2025

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Three of our single family rentals came due for their contract renewals.

For the first time in several years we did not increase the rent on any of the houses involved.

As the demand for rentals has dramatically eased off and the number of houses available for sale has increased. Home prices have dropped by at least 10%.

Jobs are still plentiful here, but most are low paying ( under 35 dollars an hour ). Suspect many people are moving in with family or friends to save money.

Without a significant drop in interest rates the real estate market is about to get crushed. Surprised it has taken this long.

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In no world except California, NYC and maybe Chicago is $35/hr low paying.

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How much house can one purchase with an income of 35 dollars an hour and mortgage rates of 6.5% ?

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I have no idea. That's $72k a year so around $1,700/mo which should fall somewhere in the mid $200k range which is very doable in my area.

That's said the majority of households are dual income so around $3500/mo which will get you in the low to mid 400k

---

The key thing you said was "in your area".

Younger generations won't move somewhere for a job or for better economics. They want to live where they want to live. My daughter lives in Boston. He fiance will not move from Boston. You need some serious bank to buy in Cambridge or Lexington.

---

Sure. Ok. Whose problem is that? They can either sit online and ***** or they can move. I can tell you which one is productive and which one isn't.

---

The "just move" option is not always an option. Especially right now with the job market the way it is. It can take a lot of money to move. If you are meaning just move small areas like from Hewitt to Waco that is different.

---

There is a reason that you have traffic jams between 6-9 AM and 4-7 PM. People that are driving from where they can afford their preferred lifestyle to their jobs that pay for them. Everything has a cost. You can find good neighborhoods and nice bedroom communities, but you will drive. Or, you will pay to live in the Urban core.

Ever hear the term "Drive until you qualify"? Generations have made this choice going back to the 50's and 60's. Now, the current generation doesn't want to do it, so the Government has to help? Change the whole thing. All those "Boomers" that bought wisely, improved their property and stay for 20 years now they are supposed to just walk away with little profit. Nevermind many are counting on that for retirement.

---

No one is saying that the government has to help. Or at least I am not.

But your post highlights the problem. Boomers were able to buy a home in nice neighborhoods on one salary. Not even upscale areas but at least safe, good schools, etc.

Now one salary only seems to be able to buy homes in not good areas. Unless that one salary is very high.

---

One salary???? Ever hear of latch key kids, that was the boomers. My wife and I both worked our whole lives. She didn't want to be her Silent Generation mom, whose advice to her was her a career and don't give it up. Her mom was a farm wife.

She became a BSN nurse. Had kids, she worked nights for ten years, soon was home when they got home. They told me I needed a masters, I got one. Said you need Ops experience took a job in Ops in the Panhandle Needed experience, enlisted. Used a VA mortgage, zero down.

Now you want my house at cost? Pay your own dues...

---

Yes the example given that I replied to was done on one salary.

Your anecdotal evidence does not disprove the facts that have been presented in this entire thread.

No one wants your house. Young people are paying their dues but even once they do they are still behind the curve because the cost of everything has skyrocketed while pay has stayed relatively steady or slowly grown and all the things that older people did cannot be done the same way

---

I beg to differ, the expectations of what they believe they should have is much different. Fly sometime, look around at the number of kids. They are paying full ticket for each. Ask how often they eat out. Look at the cars. Go to a gym, $79 a month. Pilates $199. Sorry, what I see is a different expectation for what they believe they should have. Went out with son, watched 20 something/30 something order rounds. Commented how much a night out would cost them, dropping $300 at a bar or concert without a thought and complained about not being able to afford a house? Concerts look around in a stadium who is there. How much is a smart phone bill? Streaming? There is alot of spending going on.

Going out once a month was a big deal when we were that age. Prices may be up, but lifestyles are not more frugal by a long shot.

---

Again. Anecdotal evidence disproved by the facts of this thread.

---

Facts? This whole thread is anecdotal evidence. There are millions of young people buying homes today. There is no shortage of buyers, if you live in a decent location. Houses stay on the market less than 30 days and prices are appreciating. So I would disagree no one wants Boomers houses.

But keep blaming everything else. Historically, 6% interest is good. These Boomers you say have it so easy dealt with 10% interest and much stricter lending standards. It all equals out.

Higher price, lower lending standards and lower interest

Vs

Lower price, strict lending and high interest rates.

Those earlier generations made it because they did less. They didn't have extras and lived lifestyles your generation could not do. No cable, no cell phone, one car, no eating out, no vacations, drive to family visits, no education costs, etc... All that money went to house ... All relative. So it does play into your discussion and is not anecdotal.

---

This thread is full of facts, charts, graphs, and solid numbers.

I am not blaming anything.

I never said boomers had it easy. But I have pointed out how one salary was often sufficient to pay for a family. That is not the case these days.

Your cell phone example is horribly flawed. Try to do life today with only a landline. It is extremely hard to do. But it still comes down to one salary provided for the family. Now one salary doesn't even without many of the things you mentioned. There are plenty of families that don't go on vacation, don't pay for education, don't eat out, no trips or anything else and are still barely getting by.

---

I agree about phone and even internet. There are more expenses than back then. But, you asked how they did it. A house may only cost $40k, but you only made 24k a year for a family of 7 with one income. The house was IT, one 2k car and a house. Now, money goes many more different places.



Area I was born and grew up in Queens. Not much of a yard...
To your point, today worth $750k. Location, location, location. Bedroom community for Manhattan.

---

It wasn't just house and car. You had the same bills as today (gas, electricity, water), gas for car, insurance, etc.

But all those things cost a lot less back then, even adjusted for difference between dollar value. The prices of everything has gone up but income has not gone up at the same pace. Just look at the price of a house in your example compared to salary. It was about double the salary. Now I would bet the average home price is much more than double the salary like your example.

That yard is small. In many areas, especially many people in TX, they want a bigger yard to be able to play, grill, etc. again not acres of land but at least enough to hold the above things and a table. Many houses now come with a yard where the back fence is maybe 10 feet from the back door.

But you are right about location. It cause prices to be inflated which then forces people to move to the unsafe areas because they are priced out of the safe areas.

---

I get it. When my Dad got assigned a new territory at work on the Island. We moved to long island and the homes were much bigger and had yards. The picture is in the same area and $130k cheaper than the one above.




But, it was 50 miles from NYC on the Island in Suffolk County. Taxes were lower and cost were lower. He would have loved Nassau County, but couldn't afford it. You can still get that today, but you have to drive.


I just did a quick search I-35 San Antonio area. I do work with SWRI and I have friends there. I have not lived in TX in decades, so this is just a Proof of Concept. I have no idea if these are nice places or not. I do know Lennar is an entry level home builder. They are in NO WAY comparable to a Custom home builder, it is just a sample that there are affordable home out there.

Just for comparison:
a $350k home today is the same as $140k dollars in 1990 and $58k in 1975
a 100k salary was 41K in 1990 and $17k in 1975

the comparison is
$350k home on 100k vs
$140k home on 41k vs
$58k home on 17k

I am not in the lending business. I honestly do not know the answer, but would love for someone that does to weight in. Do the ratios hold? Or does or did one group have an advantage? This is not peer review level, just a curious conversation not meant to be a fight...


Move in ready homes priced to sell! | Lennar

The Boomer Mirage
https://www.zerohedge.com/personal-finance/boomer-mirage

"The math quietly stopped working. Boomers bought homes for two or three times their annual income during an era when interest rates would fall for the next four decades turning their mortgages into wealth-building machines as rates dropped from 15% to near-zero. Today's buyers face five to six times their income or more in major cities while rates can only go up from historic lows. Where Boomers rode a 40-year tailwind of falling borrowing costs that inflated their assets while deflated their debt, current generations face headwinds at every turn. The Federal Reserve data confirms this unprecedented decline, showing rates falling from over 18% in the early 1980s to near 2.6% by 2021."

Aside from entry level neighborhoods becoming unsafe as a result of drugs, gangs, illegal aliens, and single family homes being turned into Section 8 flop houses due to lax code enforcement this article has some really good observations.

Realitybites said:

---

The Boomer Mirage
https://www.zerohedge.com/personal-finance/boomer-mirage

"The math quietly stopped working. Boomers bought homes for two or three times their annual income during an era when interest rates would fall for the next four decades turning their mortgages into wealth-building machines as rates dropped from 15% to near-zero. Today's buyers face five to six times their income or more in major cities while rates can only go up from historic lows. Where Boomers rode a 40-year tailwind of falling borrowing costs that inflated their assets while deflated their debt, current generations face headwinds at every turn. The Federal Reserve data confirms this unprecedented decline, showing rates falling from over 18% in the early 1980s to near 2.6% by 2021."

Aside from entry level neighborhoods becoming unsafe as a result of drugs, gangs, illegal aliens, and single family homes being turned into Section 8 flop houses due to lax code enforcement this article has some really good observations.

---

It is cyclical. Interest rates drove the boom. The Pandemic also caused some of what we are seeing. We only discuss the negatives, but the positives were the reduction of interest rates and those that did have property or in a position to buy made good deals. I guess we shouldn't allow that...


"Before 2022, you'd have to go back to Q2 1990 to find a time that was similarly as unaffordable.
But as rough as it is right now for homebuyers, it could be worse. Nearly the entire decade of the 1980s was the same or worse in terms of affordability, with a house payment requiring about 50% to 60% of the median income spiking to 72% in Q4 of 1981."


Home Affordability Isn't The Worst of All Time. It Just Feels Like It

In 1950, an ounce of gold was still worth $35

So this house was worth 228.5 ounces of gold

Gold closed at $3,380ish today, so this house would be worth $772,571.43

So there has been a good bit of appreciation over the 75 years it’s been around, but not that much in real… https://t.co/aDy65H2Z4d

— Will Tanner (@Will_Tanner_1) August 15, 2025

boognish_bear said:

---

U.S. apartment demand is projected to surpass new supply by late 2025 for the first time since early 2022, marking a turning point that should push overall vacancy below 8% as completions slow by about 34% over the next year.https://t.co/4lCfxRlxZB

— CoStar News (@CoStarNews) August 13, 2025

---

There are just a lot of States that for some reason will not let building take place…zoning, or taxing, or some other ideological reason

Massachusetts is one of the worst states in America in housing production, building only 2 units per 1,000 residents.

Not only are housing costs soaring for those here but we’ve artificially stunted our economic growth and placed the future of the Commonwealth in jeopardy. https://t.co/2J1MalZx1E pic.twitter.com/DZPAsNm1Ge

— Jonathan Berk (@berkie1) August 13, 2025

boognish_bear said:

---

When young people today complain about how expensive everything is, it’s important to remember this: It’s not only that we have to pay more, it’s that we’re also getting less

Higher prices, lower quality. Late stage capitalism at its worst

— Amy Nixon (@texasrunnerDFW) August 14, 2025

---

Somehow a few years ago a couple of videos and pages kept popping up on my Facebook page of home inspectors making videos of what they find. They started with the basic what to look for when buying a house, what they look for, etc. I started following one because he always seemed to have good tips. Then as he continued he stated showing his inspections and adding the tag line "that ain't right." He often shows new construction inspections and some of the things he shows are not just lazy, poor work, going to cost someone a ton of money in repairs later down the road but often seem to border on illegal (or should be illegal) as they are unsafe.

Things like support beams being held together by a single screw, no joint supports, electrical wiring stapled or nailed inside studs, and many many others.

Redbrickbear said:

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boognish_bear said:

---

U.S. apartment demand is projected to surpass new supply by late 2025 for the first time since early 2022, marking a turning point that should push overall vacancy below 8% as completions slow by about 34% over the next year.https://t.co/4lCfxRlxZB

— CoStar News (@CoStarNews) August 13, 2025

---

There are just a lot of States that for some reason will not let building take place…zoning, or taxing, or some other ideological reason

Massachusetts is one of the worst states in America in housing production, building only 2 units per 1,000 residents.

Not only are housing costs soaring for those here but we’ve artificially stunted our economic growth and placed the future of the Commonwealth in jeopardy. https://t.co/2J1MalZx1E pic.twitter.com/DZPAsNm1Ge

— Jonathan Berk (@berkie1) August 13, 2025

---

That is true. Part of the issue is that the left in only pushing certain types of housing. Mostly ignoring what the market wants and trying to shove apartments and transit down our throats. Read some urban and regional planning articles.

I have been complaining about this in the industry for years. We are supposed to be traffic planners and engineers, not social engineers.

They are pushing multi-family, transit oriented development, in the urban core. They will not allow a greenfield road to be built or widened outside existing right of way. And the Right helps them by not allowing eminent domain. It is a vicious cycle that will put people in Apartments, not single family homes. Welcome to Bejing-west...

cowboycwr said:

---

boognish_bear said:

---

When young people today complain about how expensive everything is, it’s important to remember this: It’s not only that we have to pay more, it’s that we’re also getting less

Higher prices, lower quality. Late stage capitalism at its worst

— Amy Nixon (@texasrunnerDFW) August 14, 2025

---

Somehow a few years ago a couple of videos and pages kept popping up on my Facebook page of home inspectors making videos of what they find. They started with the basic what to look for when buying a house, what they look for, etc. I started following one because he always seemed to have good tips. Then as he continued he stated showing his inspections and adding the tag line "that ain't right." He often shows new construction inspections and some of the things he shows are not just lazy, poor work, going to cost someone a ton of money in repairs later down the road but often seem to border on illegal (or should be illegal) as they are unsafe.

Things like support beams being held together by a single screw, no joint supports, electrical wiring stapled or nailed inside studs, and many many others.

---

Trey is a great inspector, all the people in Houston area should give him a call when needing an inspection

"There are now more homebuyers over age 70 than under 35," per FORTUNE.

— unusual_whales (@unusual_whales) August 14, 2025

The trade-off is their salary probably won't be as much. I guess it's a matter of figuring out which ratio is the best.

"Younger generations are looking to the Midwest for homeownership because of the region’s significantly lower housing costs compared to major coastal cities," per FORTUNE

— unusual_whales (@unusual_whales) August 15, 2025

Renting is now significantly more affordable than buying a home — by one of the widest gaps ever recorded 🚨🚨 pic.twitter.com/TTmhsGhhL8

— Barchart (@Barchart) August 15, 2025

boognish_bear said:

---

The trade-off is their salary probably won't be as much. I guess it's a matter of figuring out which ratio is the best.

"Younger generations are looking to the Midwest for homeownership because of the region’s significantly lower housing costs compared to major coastal cities," per FORTUNE

— unusual_whales (@unusual_whales) August 15, 2025

---

That is how it usually works. Coast is always more expensive.

It's like the first 3 rules of RE are location, location, location

cowboycwr said:

---

I started following one because he always seemed to have good tips. Then as he continued he stated showing his inspections and adding the tag line "that ain't right." He often shows new construction inspections and some of the things he shows are not just lazy, poor work, going to cost someone a ton of money in repairs later down the road but often seem to border on illegal (or should be illegal) as they are unsafe.

Things like support beams being held together by a single screw, no joint supports, electrical wiring stapled or nailed inside studs, and many many others.

---

Do you have a link? Sounds like an interesting source to follow.

Also, did he ever mention a particular "inflection point" like the 2008 crash or 1996 when these problems got worse? In the yachting industry it is pretty widely known that new production boats are dumpster fires and my personal sense is that 08 was a pretty noticeable point in time when things got worse quickly.

https://m.youtube.com/@gold.star.inspections/shorts