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ldeveraux t1_j2aten2 wrote

Is this first time home buyers at 38? Is this what the current economy has driven us to?

117

Anotherburner42069 t1_j2b6447 wrote

Replying to [deleted] (#1,200,160)

I think the discrepancy is the article you linked included the shithole rural areas where you can buy a house for an eight ball and subsidized trip to the dentist.

Edit: toothless dipshits are mad lol

−9

just_an_ordinary_guy t1_j2bdqc0 wrote

Replying to [deleted] (#1,200,835)

The average can be weighed significantly by the extremes. The average age doesn't have to be number 25 on the list (if we were doing a list of states, unsure of the number of metros in the study). There's probably a bunch of states or metro areas that all have about the same average age of homebuying. So one state with a much lower average brings the overall average down.

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apaq11 t1_j2bjv5b wrote

Replying to [deleted] (#1,200,160)

There article you link says it in the first two lines: "In the US, first-time homebuyers are, on average, 33 years old. The average age of homebuyers overall is 47." The article is not talking about first time home buyers so 47 is the number you want.

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Smashed_Broccoli t1_j2bq7da wrote

Y’all! Let’s not forget we grew up with boomer parents that said “by 26 I had 3 kids, a home, 2 1/2 dogs, 2 cars and a fully loaded pension!!!!! 38yrs old is the entry point now???? WTF?

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Brendinooo t1_j2btlbg wrote

Interesting that Pittsburgh’s sellers were comparatively young too. Aren’t we an older metro?

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intendedeffect t1_j2bzzsl wrote

Replying to Brendinooo (#1,207,299)

I wonder if this is because it often ends up being an estate or institution selling the oldest people’s homes, and they might just not fit into stats like these. And it does seems like there’s still flipping (or attempted flipping) by some young-ish people.

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JAK3CAL t1_j2c0oli wrote

Bought at 27?28? Now selling at 32 ✌️

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imouttahereta t1_j2c0vin wrote

I think it's interesting that very expensive areas like NY and LA only average a few years higher than Pittsburgh.

It would be interesting to see how it compares to the past decades, especially since it's hard to get an idea of how it correlates to the age of first-time homebuyers vs. people upgrading their homes.

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TazerMonkey1419 t1_j2c6awe wrote

Wow, I guess I'm actually a head of the curve for once. First time home owner at 31, I just turned 33.... Yay me?

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DERBY_OWNERS_CLUB t1_j2cbb2t wrote

lol this is essentially just a list of average ages in a metro area with housing affordability mixed in since it's not looking at first time home buyers.

Many of the cities with the "youngest" buyers are extremely hot housing cities. Salt Lake, Austin, Denver, Nashville, etc.

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RedBullPittsburgh t1_j2cem14 wrote

Are they using average individual income or average household income? Big difference.

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cjc323 t1_j2dh50l wrote

bith of these stats are depressing. People are only moving here becausr its cheap. also 38? our economy is f'ed.

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zipcad t1_j2dkvbd wrote

38 and making 95k in pittsburgh - what are they heart surgeons?

Edit - you’re missing the livable city meme joke

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glitch83 t1_j2dwwq5 wrote

Also 3rd youngest sellers at 45 lol

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mikeyHustle t1_j2ehgng wrote

38 is fourth youngest? Jesus. I knew it was bad, but I didn't know it was that bad. (I do not and cannot really own a home tbf)

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WhyHulud t1_j2ehtjv wrote

Replying to surrrah (#1,208,317)

Perspective isn't the issue, it's that their parents were buying homes at 18. Boomers suck out so much value for themselves that they drove prices to this point.

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Ok-Recording2620 t1_j2eybqb wrote

Replying to surrrah (#1,232,134)

The default assumption in the US is that if you’re living with parents, it’s because of a life situation (divorce) or because you can’t afford to live on your own. That’s why it’s seen as a culturally bad thing. If someone culturally chooses to live with their parents, it’s probably an immigrant family, it’s just not common here. Living with your family here usually is code for “not thriving”. Not saying it should be like this, but that’s how it is. I’ve never heard someone actually get out down for living with their parents, if anything, people respond positively and say “I wish I could do that” “you’re probably saving so much money” etc.

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