The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says
The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says
With home prices up nearly 40% since 2020, buyers are now wealthier and older, making them more likely to outbid younger buyers with all-cash offers.
You're viewing a single thread.
shit sucks. bought my house at age 38, that was fucking old back then, but i'm in an expensive metro so okay. thing is, we're ready to upgrade and an upgrade is going to be fucking $2M, if i can even find a fucking upgrade in my town (questionable). all of this to say: i'm probably stuck, and if i can even move, some schmuck is going to buy my mediocre house for like $1.2 - $1.3M. housing's totally, completely fucked.
Your million dollar home isnt enough for your family? What changed?
lol, you think i bought it for 1M? That’s what changed.
Okay so 600k? Even still though, a million dollar home you own thats gone up far over what you paid for it is going to leave you with a lot of options.
Its confusing to me that you need to upgrade and so are upset about the housing situation. You seem to be doing well by any standard I'm aware of so I'm asking what do I not know?
If people like me can’t upgrade, people who can afford $1.2M can’t get a modest house, and people with less than a $1M budget are utterly fucked. They’ll either move away or pay rent until they die.
What does upgrade even mean? Are you like two per room and are having more kids? None of this makes any sense without context.
The million dollar homes in my well populated area near a major city are gigantic homes.