I’m actively searching for a house to buy - smaller than the one that what I grew up in - and while you’re right about people wanting more space, it does not matter. Homes are disproportionally more expensive than they were in the 80s
It’s the thing I use to hammer home the idea that our lives are dramatically worse than our parents. I could not dream of paying that mortgage but my mom could pay it as a single mother of two because they bought it in the 80s for 300k and engineer salaries allowed them to pay it.
People also fail to factor in the difference in ameneties between boomers’ 2 bedroom, single floor, no-garage house vs what people demand today
I’m actively searching for a house to buy - smaller than the one that what I grew up in - and while you’re right about people wanting more space, it does not matter. Homes are disproportionally more expensive than they were in the 80s
The house I grew up in is now worth 1.4 million dollars.
I was going to include house much they sold it for a few years ago but I didn’t think it was a fair comparison because they added a second floor
It’s the thing I use to hammer home the idea that our lives are dramatically worse than our parents. I could not dream of paying that mortgage but my mom could pay it as a single mother of two because they bought it in the 80s for 300k and engineer salaries allowed them to pay it.