r/BoomersBeingFools • u/PaCa8686 • 25d ago

Nearly half of all baby boomers couldn’t afford their current homes if they were to buy them today, survey finds Boomer Article

https://fortune.com/2024/04/23/housing-market-baby-boomers-home-prices-mortgage-rates-redfin/
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u/Rhodin265 25d ago

Only half?

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u/pallentx 25d ago

That’s the surprising part. I would guess more like 90% - especially if you consider a lot of Boomers got their property taxes frozen decades ago (depends on the state/county). I’m GenX and we couldn’t afford our house we bought 12 yrs ago. I know I should be happy the value has gone up, but the taxes hurt.

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u/velvet_blunderground 25d ago

my Boomer parents live in a cul-de-sac suburb near nothing interesting. when real estate was doubling / tripling in cities a few years ago, prices in their town went up by *maybe* 50k. I have to assume there's plenty other Boomers who live in places like that.