Buying a family-sized home with three or more bedrooms used to be manageable for young people with children. But with home prices climbing faster than wages, mortgage rates still close to 23-year highs and a shortage of homes nationwide, many Millennials with kids can’t afford it. And Gen Z adults with kids? Even harder.
Meanwhile, Baby Boomers are staying in their larger homes for longer, preferring to age in place and stay active in a neighborhood that’s familiar to them. And even if they sold, where would they go? There is a shortage of smaller homes in those neighborhoods.
As a result, empty-nest Baby Boomers own 28% of large homes — and Milliennials with kids own just 14%, according to a Redfin analysis released Tuesday. Gen Z families own just 0.3% of homes with three bedrooms or more.
As usual, no mention of Gen X.
the ninja generation
listen close, theyre around here somewhere…
You know, I hate the joke, but it seems to have a special place in their heart…
How do you know someone is Gen X? Well, you don’t really care, but they’ll tell you anyways.
My dad was trying to tell me he was a millennial the other day. I tell him “no, you’re not”, he says he’s definitely too young to be a boomer and lists off the boomer birth range.
I just stared at him for a second, before reminding him Gen X exists and he’s part of it
Even Gen X forgets there’s a Gen X
They are all vegan?
Found the person who enjoys unoriginal jokes.
Says that very person
Why? They got their house when they were still affordable and there wasn’t a shortage. During their time, they could negotiate prices down. They’re not the ones being affected by the boomers.
My dude, they’ve been riding us our whole lives
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I don’t think they’re blaming them, just explaining why they aren’t mentioned in this scenario
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No problem. I’m definitely not blaming them. They’re just a bit lucky to have been there at the right time.
Otherwise, their demography didn’t have the voting power the boomers had. So it didn’t matter what they wanted, they just took whatever they could before it all went to shit.
No I’m…doesn’t!
Seriously, plenty of us missed the window
At this point I think gen x is getting conflated with boomers because what people often mean when they say “boomer” is old people. And let’s face it, you Xers aren’t exactly spring chickens.
Bok bok. Please continue to ignore us.
Whatever.
meh
They were mentioned at least once
And then… crickets.
We are definitely the forgotten generation!