The average age of a home buyer in the USA is 56.

[Remote]

Average age of home buyers of FIRST home buyers?!

The average age of FIRST TIME HOMEBUYERS is currently 38 years old.

 

[Lucky_Lefty]

Mf’s talk about Boomers like they’re ANTIFA

 

[AAKing23]

Only like 25-26 years more and I'll be on pace

 

[Bigen King]

Bought my first home (condo) at 32 for 200k in '17

Those same condos now cost 375k

 

[At30wecashout]

I got 25 more years until I can buy a home

Bruh, some of you cats are killing me. I keep seeing my old smileys and its nice to know folks remember them.

 

[_genocidecutter_]

Well Im cooked

 

[At30wecashout]

The most expensive regular element in homeowner’s insurance is roof replacement. Policies are so expensive now, the only way most can afford them is to raise the deductible….you’ll virtually have to pay for the roof out of pocket at this point…

Add in people not having cash for a 400 emergency, the average person if they have a car and a home, they eventually hit a point where something isn't going to work they will be in a bind. At least with renting, I know im paying for utilities and a place to stay. With a home, no matter how old or new, a couple of things can cascade and have you running up the credit card bill.

Them damn home insurance policies are going up nationwide. shyt ain't all sweet when it comes to owning.

 

[itsyoung!!]

Old dude at my job bought his first house in his late 50s after renting for all his life. He stacked his paper and lived within his means. Biggest house on his street, 3 car garage.


No kids by choice and he’s fukking the secretary.

Was this supposed to be a good post? This sounds miserable

 

[TM101]

These finance bros (and some Realtors/Loan officers) convinced Millennials/Gen-Z that putting down a large down-payment is bad, knowing they were just going to use their surplus income to buy expensive vehicles, take more vacations, floss on social media, and not invest it where they would get a positive return.

I saved for 2 years to put 20% down to avoid PMI and give myself the lowest mortgage/interest rate possible. 80% of the people who were talking the "renting is better than buying" nonsense back in 2016-2019 out here looking goofy while Gen-X and Boomers sell to the highest bidder (Blackrock or a wealthy Gen-X'er) for it never return to the market.

A lot of European countries have high taxes for the same reason...they know people will spend spare income on nonsense instead of saving it.

 

[TM101]

Bruh don't start this bullshyt. Not only are house prices and rental prices up, the cost of maintaining a home is up too. Let a couple things fail and you don't have a landlord to save your water heater or a pipe that bursts in the winter. Roof? Same deal. And let insurance say "Nah, B" to your damage claim and you going through it. Owning is not a sure-thing in terms of affordability and as someone who now owns property, there were a bunch of reasons renting was easier.

Its still better to own the home and figure out how to/finance to repair it than live under a slumlord who won't do anything

 

[The BasedFather]

Bruh, some of you cats are killing me. I keep seeing my old smileys and its nice to know folks remember them.

Classics never die

 

[Ol’Otis]

Cheers to apartment living for the next 21 years

 

[Htrb-nvr-blk-&-ug-as-evr]

Add in people not having cash for a 400 emergency, the average person if they have a car and a home, they eventually hit a point where something isn't going to work they will be in a bind. At least with renting, I know im paying for utilities and a place to stay. With a home, no matter how old or new, a couple of things can cascade and have you running up the credit card bill.

Them damn home insurance policies are going up nationwide. shyt ain't all sweet when it comes to owning.

Still better to own, though bruh. You on the street with the same unplanned hardship when you rent. You may have a couple months in some places but yo shyt is in the street fast in most. At least with a house you got a few months or even a year depending on paperwork. Plus, I can sell this mf and come out with something in my pocket…

 

[ItsPeople]

Was this supposed to be a good post? This sounds miserable

How many mans dapped it?