4 ms·

Can you link a source for gen z with higher homeowner rates than millennial, st the same age? Because redfin shows that just is very clearly not true https://

• RickS 6mo ago
  That chart is comparing point in present time, not point in generation-relative time. IE zoomers at ~25 mills at ~40. If you were to approximately age sync the red and yellow lines on that chart, by moving their start dates to the same point, the red line is higher.
  • deleted 6mo ago
    [deleted]
  • ribosometronome 6mo ago
    There's several charts, the second is: Gen Zers, Millennials Less Likely to Own Homes Than Their Parents at the Same Age which does a direct "at same age" comparison and showed that Gen Z started off slightly stronger than millennials but fell behind. I do wonder about how they're calculating some of this. It looks like in the chart is saying 16% of the cohort born between 1981 and 1996 (aka millennials) owned a home in 2000. I wouldn't even expect 16% of that group to be over 18.
  • corysama 6mo ago
    > If you were to approximately age sync the red and yellow lines on that chart, by moving their start dates to the same point, the red line is higher. Like this: https://imgur.com/a/d7stXVN https://imgur.com/a/d7stXVN
    • epicureanideal 6mo ago
      Thanks for sharing! Seems to show that both are doing poorly relative to earlier generations, and it doesn’t seem Gen Z is greatly (or much at all) outpacing millennials.
      • switchbak 6mo ago
        And as usual, no one cares about Gen X :)
        • deleted 6mo ago
          [deleted]
        • tonyedgecombe 6mo ago
          At least you aren’t hated like us boomers. Apparently everything wrong in the world is down to us.
          • abustamam 6mo ago
            As a millennial, I apologize for the blame and hate the boomer generation gets. But I think it's important to understand why the hate exists. Many boomers grew up in an era where even if you dropped out of high school and waited tables full time for a few years, you'd be able to afford to buy a house and start a family by age 25. Sure, interest rates were 20%, but the price of a house was often just 2-3x someone's annual salary (single earner). Now the price of a house is often 4-5x a households annual salary. Boomers also had access to stuff like pensions. I think boomers wouldn't get hate if it weren't a trope for them to say that the millennial generation is lazy, entitled, etc. When milennials have to be extraordinary in order to live what used to be an ordinary life (3 bedroom house, 2 kids).
            • BizarroLand 6mo ago
              I am right on the cusp of my home cost being 3x my salary, I bought it when it was 4x, but the interest rate was 2.75%. If I refinanced now, I probably couldn't afford my own home.
              • switchbak 6mo ago
                You would be the subject of much envy for those on the west coast of Canada!