Just a constant reminder that gen home ownership by individuals is up. But who cares, let’s be doomers all the time. The economy certainly didn’t have any effect on anything important like an election or something.

Fuck gen z. Millennials have had it way worse and have been beaten to death by the economy since our late teens.

Graduated in 09. No mommy money here 🤷‍♂️.

When did you buy? 2017/2018/2019?

The last time I could even think of getting a house was back then, and the prices here went up at least four fold.

Most millennials I know can’t afford houses and never could. If they didn’t buy before covid they can’t buy until the market crashes again.

No, they did not increase 4x. Stop that, you sound silly.

2 years ago I purchased.

And while I understand your peer group may be struggling the group as a whole is still in largly able to afford homes over a 60% rate which is quite competitive in the Western world.

Don’t get me wrong, we should strive to improve housing, it’s just not the dystopia that the memes and shitty media would have you believe.

No, they did not increase 4x.

Really depends on your market. New homes on my street in Houston are selling for twice what they went for before the pandemic. If you’re in a hotter market, on the East or West Coast, prices are higher.

And the jump from 3% interest to 6-7% interest following the pandemic raised monthly mortgage rates around another 1.5-2x (since taxes and interest are the lion’s share of the cost).