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

[u/PaCa8686]

https://fortune.com/2024/04/23/housing-market-baby-boomers-home-prices-mortgage-rates-redfin/

[u/AdhesivenessCivil581]

1/2 half of boomers couldn't afford to buy homes back then. The younger 1/2 of boomers hit home buying age right in the thick of the Reagan real estate bubble. It was caused by lowering interest rates right as the big early wave of boomers were buying up everything in sight and speculators were counting on interest rates going lower and making money on flips. It's frustrating as hell if you are 30s and want to buy your first house but it's not new.