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submitted 10 months ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

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[-] jordanlund@lemmy.world 89 points 10 months ago

As usual, no mention of Gen X.

[-] originalucifer@moist.catsweat.com 41 points 10 months ago

the ninja generation

listen close, theyre around here somewhere..

[-] Zorque@kbin.social 29 points 10 months ago

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.

[-] theneverfox@pawb.social 4 points 10 months ago

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

[-] cyborganism@lemmy.ca 7 points 10 months ago

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.

[-] BeautifulMind@lemmy.world 14 points 10 months ago

They’re not the ones being affected by the boomers.

My dude, they've been riding us our whole lives

[-] Reverendender@sh.itjust.works 3 points 10 months ago

No I’m…doesn’t!

Seriously, plenty of us missed the window

[-] cybersandwich@lemmy.world 4 points 10 months ago

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.

[-] skeezix@lemmy.world 1 points 10 months ago

Bok bok. Please continue to ignore us.

[-] Psiczar@aussie.zone 2 points 10 months ago

We are definitely the forgotten generation!

[-] Jimmycrackcrack@lemmy.ml 2 points 10 months ago

They were mentioned at least once

[-] bobs_monkey@lemm.ee 3 points 10 months ago* (last edited 10 months ago)

Gen Xers were 42 to 57

And then.. crickets.

this post was submitted on 17 Jan 2024
397 points (82.4% liked)

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