me_irl

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me🏠irl (lemmy.world)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 33 points 7 months ago (3 children)

Yet another piece of evidence that “xennial” is a real thing. I was born in 1978 and I’m hoping for a collapse in real estate values. I just want a place where I can spend time making it comfortable without the constant awareness that I’ll have to move eventually.

[–] [email protected] 13 points 7 months ago (1 children)

I was born in 86 and I've resigned myself to never owning a house because it's basically impossible unless I want to live in the middle of nowhere or I completely change careers. Four jobs isn't enough for a house anymore.

[–] [email protected] 1 points 7 months ago

'87 here. I flew away from North America to SEA, and seriously considering buying a house in Malasia. The land and housing out there is actually affordable.

[–] [email protected] 9 points 7 months ago

Hey fellow xennial! It’s very much a real designation and I’m so glad it’s been defined. I’ve never fit genx or millennial exactly, definitely a combo of both

[–] [email protected] 5 points 7 months ago

I’m hoping for a collapse in real estate

It's not going to happen. The last crash was 2008. Prices went down 30% which didn't come close to offsetting the increases from the previous run up.

https://dqydj.com/historical-home-prices/

At best there might be a long term oversupply from boomers dying. That would put long term pressure to lower prices. So if you wait 25 years you could have a house priced at what a house was 5 years ago.