In just 15 years, the average U.S. homebuyer went from 39 to 59 years old: Top analyst reveals how the housing market has warped in one generation

Comments

• JoshuaFalken@lemmy.world ⁨2⁩ ⁨days⁩ ago

  “It’s not enough anymore to say, ‘I can work hard,'” Dimon said in a recent interview with CNN. “In the old days, you could be in 10th grade, go get a factory [job] in Detroit, and eventually you could afford a family, a home, a car, and that may not be true anymore.” - CEO, JPMorgan

  If only there were something that could be done about that, Mr Eight Figure Salary.

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  • Maeve@kbin.earth ⁨2⁩ ⁨days⁩ ago

    He was directly responsible for too big to fail and reaped a public bailout.

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  • lemjukes@sopuli.xyz ⁨2⁩ ⁨days⁩ ago

    I would wager that hasn’t been true for almost 40 fucking years now.

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  • Soup@lemmy.world ⁨2⁩ ⁨days⁩ ago

    “May” what a fucking idiot asshole.

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• verdantbanana@lemmy.world ⁨2⁩ ⁨days⁩ ago

  makes sense

  my senior in-laws stole family’s entire fortune including wiping out of the grandkids college funds

  fucking old people these days live off the futures of the youths

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  • ExLisper@lemmy.curiana.net ⁨2⁩ ⁨days⁩ ago

    Like literally? How did they do it? Are they hiding now or was it some legal scam?

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    • verdantbanana@lemmy.world ⁨2⁩ ⁨days⁩ ago

      lawyers and paperwork

      the last relative that controlled everything got sick real quick and on a clear day those two wrangled free from her the entire inheritance

      thrown it in all the familys face and yes no one wants anything to do with them anymore

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    • CannonFodder@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Or did the grandparents just decide to spend their own money on their retirement and not give it to their entitled children?

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• UnspecificGravity@piefed.social ⁨2⁩ ⁨days⁩ ago

  I guess if you also spent 20 years “3.ywars away” from buying a house, that was pretty normal.

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  • avg@lemmy.zip ⁨2⁩ ⁨days⁩ ago

    Man if my wife didn’t push us to buy in 21, we would be way more than 3 years away, I wouldn’t be able to afford my house today. Now as much as it feels like a blessing to own a house, it’s also a trap since if I sell, I can’t get another one.

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• dogbert@lemmy.zip ⁨2⁩ ⁨days⁩ ago

  Buy a gun

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  • givesomefucks@lemmy.world ⁨2⁩ ⁨days⁩ ago

    It’s cold out here…

    And the games being played ain’t fun

    Landlord just raised your rent…

    Better get yourself a gun

    www.youtube.com/watch?v=0KlKGEp0_x4

    GYAG - Bob Vylan

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• epicthundercat@lemmy.world ⁨14⁩ ⁨hours⁩ ago

  Not a perfect system but look into Land Trusts in your areas. Its a way for people to get affordable homes. In Portland we have one called Proud Ground. Basically the trust owns the land and you buy the home. When you eventually sell the home you sell back into the program and get 25% of the market value as well as any repairs you made. You can also choose to keep it and pass it down in the family / give it to family if you want to upgrade someday.

  This is what my family did. Its not going to fix the housing crisis but I wish more programs like this existed…oh… and put a cap on how many homes a corporation or entity can buy! No homes should be sitting open in a housing crisis!

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• bonenode@piefed.social ⁨2⁩ ⁨days⁩ ago

  Ugh, that math is totally off! In 15 years the average age of someone who is 39 should be 54! Not 59!!!

  (/s btw)

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  • JustAnotherKay@lemmy.world ⁨2⁩ ⁨days⁩ ago

    This is kinda where my brain went too. So they’re just buying second houses? And we’re all just… too fucking poor to compete?

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    • rc__buggy@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

      No, it’s not us GenX buying ski condos. It’s corpos like BlackRock buying up everything at 10% over ask and trying to turn the country into permanent renters. They figured out they will make more money over 30 years by renting it out and barely maintaining it than by backing mortgages.

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• payhn@sopuli.xyz ⁨2⁩ ⁨days⁩ ago

  How does a stat like this get affected when a corporation buys a house? Exclude it from the stats? Go off the organization’s age? Decide after seeing how either solution affects the stats in the end?

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  • deathbird@mander.xyz ⁨1⁩ ⁨day⁩ ago

    “Corporations are people, my friend!”

    So how old is a corporation? How does it make babies? How does it plan grocery shopping, or get the kids to school?

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