kind of interesting the “we can’t afford homes” narrative was so big with millennials but stats show they bought homes as expected?

Interesting chart but you can’t draw that conclusion from this data

This doesn’t imply anything about about affordability or how many people are actually buying houses

Here’s a chart showing median household income vs housing price, which paints a pretty different picture from what you’re suggesting

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Yeah I agree it’s just one datapoint but it seems like younger people were still buying houses at a normal rate until recently, even if the income-price gap grew, which is interesting

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Yeah but I’m talking about the period until ~2016 where home buying was a big talking point but the median age didn’t shift in that period, so there was no relative generational shift

Wait, this is saying people born in 1986 didn’t buy homes till 38 and ticking up…also need to look at corresponding percentage of home owners to get a clear picture of people that still can’t afford it and never could

this is *first-time* home buying though, so it shows that there’s no generational difference in median home buying age between 1999 and 2016, which is significant IMO? ie the market is not relatively worse for a 30 year old in 1999 vs 2016?

it can be bad for everyone for sure though but it’s interesting that it was felt so strongly by millennials

idt you can draw that conclusion from this chart - e.g. less people can buy homes while the median age of (relatively fewer number of) buyers stays the same

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people who were 33 in 2019 are millennials though right? 

not talking about the last part which is more younger millennials and old gen z

This chart mostly represents younger boomers into gen x, and elder millennials. Chart goes up and to the right after that

Half of gen z is going to be close to retirement before they own a house at this rate 🙃

Generally most generations feel poor in their 20s and then earn money in their 30s, but this chart does show the average age increasing: fewer people are buying homes and they are younger, shifting up the average

Bought by inherited ted money from parents, big trend coming.

This chart doesn't show how many bought homes though. There could be 3 home buyers in all of 2024 and it could still show a median of 38yo.