3 ms·
The whole point of this post is that statistics in aggregate obscure the effects between generations. The first-time homebuyer is now the smallest proportion e
by ttyprintk 3y ago
The whole point of this post is that statistics in aggregate obscure the effects between generations.
The first-time homebuyer is now the smallest proportion ever among homebuyers, and doing so at the oldest age recorded.
- rayiner 3y agoIt’s not really that different breaking it down by generation: https://www.redfin.com/news/gen-z-millennial-homeownership-rate-home-purchases https://www.redfin.com/news/gen-z-millennial-homeownership-r.... Millennials have somewhat lower home ownership rates than boomers did at the same age, but I suspect most of the difference can be explained by: 1) millennials starting their lives four years later due to college becoming much more common; 2) millennials choosing to live in urban areas rather than cheaper suburbs, as compared to boomers.
- ttyprintk 3y agoThat’s a great article. I suspect the difference in statistics is that RedFin only represents mortgages, not the 30% of sales in cash. I’m not sure it supports point 2), though. The comparison is between millennial and Gen Z.