From baby boomers to alphas, every generation struggles when buying a first home

Submitted ⁨⁨2⁩ ⁨weeks⁩ ago⁩ by ⁨zero_gravitas@aussie.zone⁩ to ⁨australia@aussie.zone⁩

https://www.abc.net.au/news/2024-10-27/every-generation-has-had-struggles-when-buying-their-first-home/104468716

Title is borderline rage-bait (for younger generations), but it seems like they’re trying to lure in the baby boomers who want to be told how tough it was back in their day, and then they hit them with some actual facts.

E.g.

The 25 to 39-year-old baby boomers in 1991 were three times more likely than the 25 to 39-year-old millennials in 2021 to own their home outright.

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Taleya@aussie.zone ⁨2⁩ ⁨weeks⁩ ago
Got some damned weird generation definitions there

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- Zagorath@aussie.zone ⁨2⁩ ⁨weeks⁩ ago
  And boomers were not 25 in 1991. That would mean being born in 1966; the cutoff I’ve usually seen is in the early '60s.
  
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  - Taleya@aussie.zone ⁨2⁩ ⁨weeks⁩ ago
    1946-64 iirc. Genx cuts off at 1980, some ranges would even cut me out at '78
    
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goodthanks@lemmy.world ⁨2⁩ ⁨weeks⁩ ago
I was born in 1990, and the only people in my age group that I know who are buying houses are doing so with the help of family wealth. So long social mobility.

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Cypher@lemmy.world ⁨2⁩ ⁨weeks⁩ ago
Not surprising that people who aren’t bothering to read the article are down voting.

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