Boomers once again largest group of homebuyers
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Date: April 2nd, 2025 1:22 PM Author: cannon
https://www.dailymail.co.uk/real-estate/article-14560453/baby-boomers-infuriate-gen-z-millennials-homebuying-cash-offers.html
Baby boomers now make up the largest group of home buyers, locking out younger people with all-cash offers and bigger down payments.
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With decades of savings from low mortgage rates, boomers have overtaken Millennials, Gen X, and Gen Z in home purchases.
Millennials (ages 29 to 44) now make up just 29 percent of buyers — down from 38 percent a year ago. Gen X buyers remain steady at 24 percent, while Gen Z account for three in every 100 home purchases.
Overall, the combined share of younger boomers (ages 60–69) and older boomers (ages 70–78) rose to 42 percent of all home buyers in the past year, according to a report by the National Association of Realtors.
‘In a plot twist, baby boomers have overtaken millennials – the largest U.S. population – to become the top generation of home buyers,’ said Jessica Lautz, NAR deputy chief economist and vice president of research.
‘What’s striking is that boomers are purchasing homes entirely with cash, bypassing financing altogether.’
(http://www.autoadmit.com/thread.php?thread_id=5703712&forum_id=2:#48806790) |
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Date: April 2nd, 2025 1:30 PM Author: cannon
gratefulandblessed., Purple state, United States, 47 minutes ago
There is nothing "sneaky" about scrimping and saving for decades so you can pay cash little children.
Chris UK_Canada_USA, Sarasota , United States, 1 hour ago
Baby boomers worked hard and saved not spending every dollar they had or could borrow like younger generations on so called experiences. .
GunnyHighwayUSMC, Parkville, United States, 33 minutes ago
The reason the Boomers have cash is that they haven't wasted thousands and thousands of dollars during their lives buying lattes and avocado toast.
(http://www.autoadmit.com/thread.php?thread_id=5703712&forum_id=2:#48806828) |
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Date: April 2nd, 2025 3:44 PM Author: Greetings
BartonBella
@BartonBella1
Why? They're old and lived thru 2 world wars, the Spanish flu 3 times, the depression and the dustbowl. Maybe they just chose to enjoy life because they know death happens. What makes anyone entitled to what someone else earned and built
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unreal
(http://www.autoadmit.com/thread.php?thread_id=5703712&forum_id=2:#48807827) |
Date: April 2nd, 2025 2:27 PM
Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,.
The real headline here is how fucked Gen X is. Millennials are buying more homes than Gen Xers.
(http://www.autoadmit.com/thread.php?thread_id=5703712&forum_id=2:#48807198) |
Date: April 2nd, 2025 2:28 PM
Author: ....,.,.,.,.,...,;,.,.,;,.,;,;,.,.
aren't boomers willing their houses to their deadbeat tiktok kids upon their early death? aren't deadbeat kids just waiting for the inheritance while expressing themselves through online art and video interpretation? Also, aren't some Boomers buying houses for their kids who do not qualify for mortgages and whatnot due to their nojob and lack of life skills? This trend means nothing.
(http://www.autoadmit.com/thread.php?thread_id=5703712&forum_id=2:#48807215) |
Date: April 2nd, 2025 3:56 PM Author: Oh, you trade? (🧐)
Millennials (ages 29 to 44) now make up just 29 percent of buyers — down from 38 percent a year ago.
holy shit lol that is an insane drop. was expecting the usual sensationalist dailymail slop
(http://www.autoadmit.com/thread.php?thread_id=5703712&forum_id=2:#48807893) |
Date: April 2nd, 2025 10:02 PM
Author: ........,,,,,,......,.,.,.,,,,,,,,,,
This shouldn't be a surprise its by design.
Houses are literally 3X more expensive than they were a couple of years ago if you're going to finance. Of course people who work for a living can't afford that.
(http://www.autoadmit.com/thread.php?thread_id=5703712&forum_id=2:#48809249) |
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