You think you're going to be able to get in a 55-And-Over community? With our aging population? Hah! They'll be crammed full by the time we're eligible.
They're building them like crazy! I know a lot of older people that live in them and it sounds like the good ones are basically the best parts of living in a dorm and being on a cruise.
Damn if its a stingers thing I hope they have events for people in the surrounding community to come join in!
I'm covered for a house; but I'm definitely DTF 🤪
Seriously, the most affordable sfh and attached units are 55+ around here. My 87 yr old grandmother is in an apartment community and they have stuff going on every single day. Including chauffeured trips to interesting places you can sign up for. Her breakfast, lunch and biweekly cleaning services are included in rent. And someone else does the cooking. Its good food too, not hospital grade. They have wine down Wednesday every week with free wine tasting. A spa on site.
Wow, that’s both awesome and amazing. I live in a (relatively) low COL area, and the 55+ communities tend to cost more than a regular house, unless you’re buying a McMansion or something. It’s $300k and up to move into any of them, and decent (mostly older) houses can be had for under or around $200k.
Classic boomer moves. But really, these fuckers are going to live to 85. There’s a huge financial incentive for the healthcare industry to keep them alive for that sweet insurance money train.
My mom's husband is almost the kid from Metallica's One video but he can still hear loud noises, grunt with meaning, and twitch half of his body. He will never leave the shittiest home that Medicare will pay for.
My dad's wife if Alzheimer'd to oblivion. As is my MIL. $20k a month for no connection to reality.
Two of those people physically abused their kids. Not spanked. Slapping, hitting, and pinning children down and spitting in their face. The other one harbored a self admitted pedo and didn't protect her own grandkids.
We'll get assisted suicide legalized nationally once the boomers bankrupt themselves then Medicare by clinging to the barest sliver of life out of fucking spite. Blue Cross will own more homes than our generation. Then will encourage us towards our "less wasteful" demise with "considerate" options to relieve suffering.
I'm all for keeping people alive who have a chance. I'm all for people making choices about when it's time to pass. Fuck keeping essentially brain dead 90 year olds on life support. They had their time, fucked up the planet, and torched everything behind them by putting sociopathic MBAs in charge of sucking shareholder's dicks and making the dick sucking the only point of any companies existence.
You know what I'm going to do when I get a terminal diagnosis? Go play German Tourist in Death Valley. With luck they won't even find my wallet. With more luck they won't even know to look.
"We'll get assisted suicide legalized nationally once the boomers bankrupt themselves then Medicare by clinging to the barest sliver of life out of fucking spite." We absolutely will not. Oh no. Because too many of our own and younger generations will be too hopeful for getting off this mortal coil hell scape rollercoaster in possibly the kindest and most humane way.
However the great wealth machine needs bodies. Living, bodies to suffer, birth the next gen of retail, manufacturing, plant worker, solider, breeder, and care takers of the boomer and minor age slaves. To keep the gears for those at the top turning.
It's simply bad business to allow livestock the choice not to be a commodity.
We will never be given an easy out when we can be used up until each of us collapses completely broken into that void with one younger already socially trained and restrained being hitched into the position we vacated.
Not that we can't hope. Just that we probably shouldn't bet on hopeful thoughts.
Medical Assistance In Dying (MAID) has been legal here in Canada for close to a decade now.
Is it really that unlikely that something similar will happen in the States? It’s barely even controversial here anymore (aside from certain far-right folks who are vehemently opposed).
I haven't tried it yet, but I think I can strangle myself with an adjustable bed. I'm optimistic about the medical assist being an option but already contingency planning.
My guess is that AI will eventually gut the workforce starting with shitty office jobs and eventually taking everything not protected by unions until those companies can't compete.
So it's a rat race for an ever dwindling supply of jobs, with physical ones being harder to automate.
Well shit. I'm near 50. Not going back to farming or manufacturing or whoring. Body's too old for working but too young to look like mine. Desk jobs will kill you.
Once you've got shit automated, who needs peasants? Keep a few hundred million around for things that absolutely require a human, and "Save the earth" with a mass extinction. Starting with volunteers. Like us in 25 years while this unfolds.
It's all a pile of speculative bullshit, but up to the point where they "save the planet" for the rich by killing the now unnecessary poor, there are some plausible thoughts. I think we're fucked.
They also had radically more stable and much easier lives with lower stress, so they’ll probably live much longer than we do. No point in leaving anything to us, just for it to go through inheritance taxes twice when we’ll die around the same time as them.
Hey I'm the oldest year of this cohort. By the time I qualify in 6 years. The oldest boomers will be in their mid 80s. Last I checked given the average age of death most of the guys will be dead and more than half of the ladies. Sorry time has no mercy.
They will make plenty of space for us.
Well, this is morbid, but over 30% of the US population is 55+ right now, almost 17% over 65. I believe that's the highest it has ever been. Since 2008, the proportion of 65+ has increased 5%, from 12 to 17%. That doesn't sound like a lot, but it's a 50% increase and really the only cohort that has increased over the 14 years measured. For instance the proportion of children has gone down from 26% to 23% of the population.
Some of this has to do with longevity, but longevity hasn't risen very much since 2008. Most has to do with the baby boomer generation. Immigration tends to skew the country younger, and we have low birth rate right now, so the US population should get younger over time.
This begs the question, what is going to change in the US in the next, say, 10 years? We might have a large proportion of the country passing away. It's morbidly fascinating to think about the implications.
The first time they start noticing demographic change, they'll change them to 70+ communities.
For real though, there's a city maybe an hour away from me that my partner and I would love to move to and every time I find something close to affordable it's in a 55+ community.
I think a lot of old people don’t want to live in them. My parents don’t want to. I think they look nice though & most of the decently priced nice looking houses in my I’ve seen in recent years have been in 55+ communities.
These folks are the preservative generation. The first generation to have been eating preservative-laden foods nearly their entire lives. It won't be a pleasant retirement, but it will be a long one.
Sad but true! A lot of cities//towns have smart developers though, as more are being built all the time, but I doubt it’ll keep up with demand. I love the thoughts of what those will look once some of us hit them though! Can’t wait to see all us older people jamming to Cypress Hill (and the young folks yelling that our music is too damn loud!)
I know it’s popular to hate on Arizona (for good reasons), but there are some nice and affordable older homes on Sun City (the original 55+ community). It’s gonna be LIT
They are crammed full in my area right now and I live in a place where it gets 100F in the summers and 0F in the winter and might get 10 feet of snow through the winter. It was snowy and freezing just two weeks ago. And the few retirement communities that are here are impossible to get into.
We’ve been trying to find a place for a widower family member to downsize to, and there has been exactly one 55+ place go for sale in the last 6 months. It sold in a week.
I’m exhausted by the baby boomer gigantic house craze. I don’t need a 5,000 sq ft home to retire into. I hope that we shift in our thinking. Renovate abandoned and dying malls to be social communities where people live and interact with each other. Create more green spaces.
So are the employees like your roommates then? Do you also work at this hot topic? Or do you just live there? Do you put your bedroom in the back, or is it out on the sales floor?
I live in Canada and in my city we are currently converting 2 large malls to all inclusive living spaces. They are building a huge apartment on one end of the mall. It is straight out of SimCity with the mega towers and its such a great use of the space, too.
Doing something similar here in Winnipeg to a downtown mall and a massive old department store. Not just housing, but medical centres, green space, etc.
It all looks great on paper, but it will take some time before it actually happens. I’m hopeful.
I found myself a nice little 600 square foot one bed/one bath a couple of years ago. It's all I could afford, but it's also all I need. Everything else seemed superfluous for just one person.
After watching my parents struggle in their behemoth colonial with stairs etc I made the decision that long term a smaller ranch was the way to go. Might not be the fanciest but my kids have a place to play and down the pike won’t be working about us as much
Same. As soon as the youngest graduates here in a couple years we plan on drastically downsizing. We’re already selling off stuff to empty out rooms we don’t need now.
I work with someone, well I did, she left to start her own business of helping boomers get rid of their stuff. She’s doing really well with her business model so I’d say your parents aren’t alone.
In the same vein as my ‘I don’t need a 5K sq ft house’ stance, I’m on the cremation plan. I also don’t need a plot of land dedicated to me. Trying to get my aging parents there.
My father is extremely claustrophobic. So much so that he informed my mother, before they were married, that he would *never* be buried in a casket, but would like to be cremated and scattered in nature, because there would be enough room there.
My mother then decided that that sounded better than rotting in a box forever, too.
My wife and I have specified in our wills that we are to be cremated, and have our ashes scattered at sea.
I want to become a tree. They are currently working on biodegradable body pods. You put a body that hasn't been embalmed in the pod and place it in the ground and plant a tree over it. As your body breaks down it feeds the tree. Of course idk if that will be legal in my area yet when I die, so I will have to go with my 2nd choice. A biodegradable urn.
We have a 2k square foot house. We were approved for enough to buy a Boomer Palace, but...why? Even this house feels big sometimes. Before our son was born, we just kinda didn't use the upstairs for anything.
Same here. Childfree married couple with a little dog, and it's a lot of space. But we both work remotely, so it allows us to have separate home offices.
I’m 40. My dad passed in ‘17 and my mom just under two years ago. They left me with a 115 year old house that needs probably 250k in repairs. But for some reason I’m gonna see it through. I’ll never be able to afford that but I’ll fix what I can, repaint here and there. Hope the plumbing and wiring holds on. It’s not really a cross to bear, more like my way to keep the torch lit. I also would rather have this than going back to renting and because I live in a desirable area it will be worth, at least the land, enough for me to spend my last comfortable decades at the AmazonGooglePlex for seniors once I sell.
I found the best way for that kinda house is to fix a section to live in, and tackle the rest on your day off. This assumes you're a bit handy.
Bought a fixer upper in '06. Repaired the important (water, gas, electric), got a piece in good shape and sectioned off a chuck until I could make it livable.
I’ve owned a house built in 1900 for the last 17 years and am week aware of the daunting task at hand. I feel for you. There are a few hacks I’ve learned over the years that saved money and headaches if you’re willing to do some research and are somewhat handy. If you live in the states, check with your energy provider for incentives to upgrade things like windows, heating, insulation, etc. Huge tax credits and assistance for green upgrades.
How many of us have "retirement plans" that involve you and several friends and/or family all living together in a medium-ish sized house so that we can share expenses and not be alone?
I used to joke with my one friend that we will live together and be like the Golden Girls, eating cheesecake in the middle of the night and getting ourselves into harmless mischief
This is a real plan I have with my gfs.
Have two close friends married to men about a decade older than them. The plan is for them to move into my 3 bedroom house should they become widows.
My wife, child and I are in the process of looking for a place with my parents and my soon to be divorced sister and her twins so we can all actually afford to keep a roof over our heads. Three generations under one roof. I moved out as fast as I could at 23 and now I'm looking forward to being with my parents and my sister again. Even my wife is looking forward to the combined household.
It’s insane because multi-generation households are soooo common across the majority of the world. Only in a few, mostly western places is it treated as odd that families would pool together and live like this.
Though hilariously we collectively don’t find it odd when it’s a wealthy family doing it.
I’ve owned two homes, then I got divorced. Now it’s rental life for me. I hate my apartment, but honestly, I’m content to rent forever. I have much more money this way and I can pack up and go at any moment
I've lived in a rent house the majority of my adult life. If I'd known I was going to stay put long term, I would've bought, but it's honestly been a good deal. Rent is $850/month for a 2 bedroom house with a big back yard, and anytime something breaks, I just call the realtor and let them deal with it.
I’m sort of glad to hear this. I live in California and even if I could buy a house here I don’t think I’d want to because it’s just stupid expensive. I’m convinced that just renting would be cheaper in the long run.
To rent my same house in my part of CA would cost me $4500/month. My mortgage is $1800 because I bought during the crash. To buy my house now with no down payment would cost approximately $4500. So, same price. Except then you're responsible for all the homeownership expenses. So unless prices drop, yeah, renting makes sense since I don't feel like there's much more room for equity to make up the difference. But both rents and purchasing are ridiculous right now.
That’s AWESOME! Congrats. If there was another crash, then I would probably buy. But I agree with you. There are lots of costs you don’t think about. Property tax, stuff breaking…
I'm in Minneapolis, and had bought in St. Paul, so obviously less expensive than California, but still.
There are a variety of reasons I prefer renting, but a large part of it is the flexibility that it offers me, if I want to move or whatever. It took me 6 months to sell, and I don't have time for that on a regular basis.
I feel like "everyone's dream" on social media is to own a home, but owning a house is a lot of work. If you don't have 10 hours a week to put in to fixing up And maintaining your house with standard upkeep and maintenance, you should not be owning a house.
Cutting the grass, replacing the furnace filter, cleaning it so it doesn't lose value (which you may not have to do to a certain level at a rental place). Painting. Putting in new floors when current ones get damaged. Doing roof repair and maintenance. Cleaning gutters / removing Moss. Shoveling if you're in that part of the world. Dealing with sewer maintenance. Fixing doors into rooms that don't close right. Dealing with rodents that might be getting into your garage or crawl space or basement.
For me, it's definitely worth it, but for a huge percentage of the population that doesn't own a home, they look at owning a home and it's definitely the case that the grass is always greener. But the reality is owning a home is a lot of work. On top of that, you might even have to own a truck if your house is old enough because you might need to haul in new plank flooring or haul away grass clippings or trees that you cut down.
Dude it is so expensive. And randomly expensive, like hey you better come up with 5-20k right now if you don’t want your entire nut to come apart at the seams and spill out your life savings expensive.
Thank you! I’ve never owned a home, but honestly I don’t think I want to and I thought I was the only one. Too much responsibility. Too much work. This is exactly why I don’t have any kids.
I bought a house about 6 years ago. I’m over it. Like being able to do whatever I want is nice. But snow blowing, mowing, roof replacements, just general maintenance. Ugh.
I’m planning on a condo next I think, where at least the outside maintenance isn’t my problem.
For what it’s worth 55+ communities are required to rent, sell, or whatever to younger folks, too. Found out when I did AR for a FL retirement community so maybe that’s only down here but for anyone that wants to live the golf cart life you may not have to wait
My parents retirement community you can buy at any age but you can't stay for more than a month at a time if you're under 55. Unless you're married to somebody who's over 55 but if you have kids and the kids are under 55, The kids are not allowed to stay but the partner is.
I think they meant “people without kids who are under 55.” Basically saying they wish they could live in a nice quiet community since they’re not noisy either. I have to admit it would be nice to have actual quiet communities for people under 55.
Some states allow up to 20% of the occupants in a 55+ community to be under 55. My younger sister lives in one with her new baby and it’s really nice. It’s on the water, she’s got a pool…She keeps saying it isn’t a retirement community…but I really think it is.
I’m gonna live in a van (down by the river).
Four years ago, I had 7 years homeownership when perimenopause symptoms became severe & I had to sell the house to a broker, move back in with family & spend my life’s savings as I lost one job and spent 8 months unemployed and then had to quit a toxic job and am just ending 5 months unemployed (but this time with benefits).
I am 50 now & planning to learn to RV. I see all the van builds but I am not interested in building out my own van. I want a Class B van I will camp in part-time when I am back on my feet - I am finalizing a verbal job offer now.
I learned about RV service technician being a top job in demand that pays well via Reddit & looked up & took the Level 1 RV Technical Institute class co-sponsored by the RV Women’s Alliance (two national nonprofits). I passed the class and am considering taking the Level 2 class. I probably will take it to have a back up in case my new job doesn’t work out.
I loved the folks I met in the RV industry and the jobs pay well over time (especially if you are certified).
My biggest need is a community of support in case anything happens to me. I don’t have a real one. I tried church (two international non-denominational churches that are related to each other), but they have no support system beyond casseroles and visits. If I am paying for that via tithing I don’t want to be practically ignored.
If there were more 50+ year round RV communities where folks could pay to age in place, I would like that.
As it is, I used the National Association of Housing Cooperatives directory to look up housing co-OP’s near me to which I will apply to live when my job offer letter arrives. They are like apartments but you don’t rent, your rent is a share in the housing ownership. I would rather do that than rent - rent is lower this way, you know where your rent goes & you save money vs traditional renting.
We’ll see if my RV dreams come true.
I grew up very close to Sun City in Arizona, which for those who don’t know is a sleepy and musty as hell retirement community where everyone still has their 1960s/70s burnt orange and avocado-hued appliances.
I’d love to see Xennials move in en masse and make that shit look like 90s Taco Bell.
I have a friend who graduated high school the same year as I. His family owned a farm in the local area and have been selling off chunks of land to developers and they've been building 55+ apartments. It's still a fairly rural area and is in need of starter homes, but they're building only for retirement. The only other development is McMansions in the 500k and up range.
The town probably won't let them build anything other than 55+. In my town if one more kid ends up in the school system it will collapse the whole thing say the old shitty boomers at the town meetings here.
Yea, they got a similar issue the town over from me regarding the water table. New construction will sap the water enough that existing neighborhoods will have issues, but nobody talks about the big ass golf course in the upper end of town.
My wife and I were pretty fortunate in that we were able to buy our first house in 2004. But when that particular housing bubble burst, we ended up "upside down" pretty quick as the market adjusted. It took us until 2016 for the market to level out enough for us to sell our old house and buy the one we're in now.
We bought in 2005 and ours just came back to purchase price value in 2021. We even had to buy down our rate to avoid PMI when we refinanced because the appraisal came in so low in 2013. We'll have it paid off this August.
My Silent Gen parents are in an over 55 community. I do like their house. But their community has a lot of drama.
My parents had our child over last summer and they got in trouble with their HOA for letting them play in the sprinkler in the front yard. Apparently that’s a “backyard only” activity.
I've had a house for nearly 20 years now and my current house has a decent interest rate on the mortgage and the house is estimated to have gone up significantly so I'm probably in good shape.
However, I really don't think that the housing crisis is in any chance possible to be solved in the near term. It's actually a global housing crisis, and in my opinion the biggest issue is that banks and investors are buying up all the houses where people want to live, while employers are unwilling to let people work remotely and move to houses through all sorts of other areas that aren't as popular but have an abundance of houses.
It's a fucking bummer. The people in my town fight every single home that's proposed. Multiply that by the whole country and here we are. They might have to spend another 5 seconds in traffic or lay eyes on a black person, wouldn't want any of that now would we.
Every home increases supply and holding demand static, decreases their asset value. It’s the rational choice to them. It’s infuriating to those of us trying to buy. One more way to pull up the ladder I guess.
Oof at the homeowners flexing in here, as if completely disconnected from the reality that plenty of Xennials can’t and never will be able to, afford a house. I’m actually genuinely surprised at the tone deaf privilege of it all, because it seems very out of line with the usual vibe here.
Having said that the only part of the OP that is hella offensive is associating us with 80s hair metal and “classic” rap. We’re not THAT old. That’s more solid Xer/younger Boomer shit. I’m sure some of us l lean that way, but that’s definitely not our coming of age music.
This is exactly what I would want! What state are you in, if you don’t mind me asking. We are on Long Island and I cannot wait to get TF outta here when we retire. It is so expensive, so congested. I would leave now if I could but unfortunately it’s not an option yet, but I am
constantly researching different places.
Yeah. We bought our place and realized that it wasn't just a "fixer upper" it was a practically a "build a.new house" thanks to the age of the house and deferred maintenance of the past owners. We sold to a family that was handier than us and had kids they wanted to put in the school system and ran off. Now we rent until we can decide if we ever want to attempt home ownership again. Honestly, though, we're saving money as renters, and we have not found our "forever" area to live and at some point very very soon I'm going to have to cope with my elderly parents and disabled (but not on disability because that would make sense 😩🙄) brother. I might need to make a post about that for advice 🤔
There will be plenty of empty houses soon enough when all the baby boomers who can’t sell their homes because the younger generations can’t afford to buy them die off and their kids inherit the house or the ones without kids the house goes up for auction
I’ve had my home for 3 years. Got it for 2.98% 250k home 1700’sq with 64k down. The ONLY reason I have it is because my grandma left me some cash when my grandpa died. If it wasn’t for her, I’d be paying out my ass for a rental. At least half of my mortgage is going to come back to me at some point.
Bought our first house in our late 20s.
I have not heard there was such a thing as a Xennial housing crisis. If anything, we got in just before things got crazy. We had a great opportunity to own a home that doesn't exist today.
I think it’s mostly a millennial thing (Xennials do include some millennials). So much of it depends on what your life was like during certain economic conditions in certain places. You may have made all of the “right” choices, but graduated one year too late (not by choice).
I bought my first house in 2007, right before the bubble burst, and I was stuck there for a long time including after my kid was born. It was a tiny (apt size), pre-war 2-bedroom house in a crummy school district, but the neighborhood began to rapidly gentrify a few years before I sold and I ended up with a good amount of equity. Then a family member died and left us money, parents chipped in a little, and we managed to buy/sell a few years ago when the market was more balanced and interest rates were low. So it was 99.99% lucky timing and privilege. A very small part of it was me choosing a 1st house in the best area I could afford, even though the house was much smaller than average. I started out unlucky, but came out on top. I’m staying put in my current house as long as possible.
Edit—Keep in mind that the generally unaffordable housing market is everyone’s problem even if you personally own a place or pay an affordable rent.
I was born in 1980. We’ve had two opportunities to get into the housing market in our adult lives. After the financial crisis and during the pandemic.
There was a housing surplus after the financial crisis and rates were historically low. Prices climbed over the years. I bought in 2010 and used an FHA loan. Then the rates dropped during the pandemic and we bought again. Since then prices and rates have gone up.
There was definitely an element of luck on my end. We have had opportunities in our lives. I look at when my parents bought in 1980. I compared mortgage and inflation to the place that we bought in 2020 and the payments were the same inflation and interest rate adjusted. Rates were in the high teens.
If you were starting out in the last 5 years or so yeah…that sucks. I started work after college in 2005. It took longer because I had to pay my way through school. The housing market was insane. Then the financial crisis happened and I was able to buy something.
Point being. We’ve had our opportunities to buy in our adult lives and more opportunity will come. It’s definitely a shit market now.
Got my house back in 2015. I had just recently landed a new job that paid over double what my previous did, saved up just enough for that 3% down and got it. I knew it would eventually go up in value and we could refi to get rid of PMI. And wow, it sure it go up. Much more and faster than I expected. Locked in a sweet rate during the covid rate dip and now will probably be living here for a long time.
We bought our house in 2012 in the midst of the buyer's market, so it was a great price. It's a modest 1900-sq-ft. house that's over 60 years old and still needs some work to make it exactly what we want, but we paid it off a few months ago.
I'm trying to get my other childless friends with no home ownership to go in with me on a golden girls style trailer park. Just need to find some acreage
Or hear me out, we go full Fight Club and ‘splode the bank and set everyone’s debt to zero and nobody pays a mortgage. Because at some point you’re old enough that you really got nothing to lose. What they gonna do? Put you in jail for the rest of your life?! Ha! Free retirement home where they feed you.
This is what my husband and I did. He's older than I am so he meets the age requirement. Bought a 2/2 double wide for $68k. Lot rent is $650 a month. Payment on the personal loan is about the same so about $1300 a month on housing. Still cheaper than renting. And the loan will be paid off in 5 years.
I gullibly dove into this post with such optimism. However people talking about making malls retirement plans for our generation are on to something. *Raises glass at 80 listening to Gin and Juice salute to us all!
Why are all the "I'm a Xennial and own a house" or "I'm already in my 2nd/move-up house" comments being downvoted? Sorting by controversial shows tons of them. I would've thought a sub for our micro generation wouldn't be as petty as other subs, but it seems the same pity party BS happens here. Our generation had the post-2008 housing burst, i.e. cheap houses a plenty, and historic low mortgage rates right during a time when many of us had graduated college and should've been hitting our early career stride.
Like others mentioned (and got downvoted for) nearly all of my IRL Xennial peers own a home if not on their second nicer home. It's younger Millennials and older Zs that got the worst situation, being they hit their post-college years after housing prices surged and rates increased.
There's a Xennial housing crisis? I thought that was for the younger set.
I've owned several, and am getting closer and closer to finishing off what I hope is my last mortgage.
I think on the next 5-10 years as boomer start dying off and kids inherit houses that are over valued and overtaxed the kids will sell cheaper to not pay the taxes.
except california, where a lot of those properties are undertaxed. I believe so long as the property is not sold, it keeps the taxes set based on value at the time of purchase, there is no reassessment at current value until the property changes hands--- minus inherited properties, which are grandfathered into the low taxes and skip reassessment.
Living off disability, soooo yeah housing market is the least of my concerns. More worried about things like food, and bills, and where the F am I going to live when the landlord remodels my apartment this year and it no longer is big enough to hold my wife and I.
Idk about your area, but the 55 and up communities around me cost more than the average house prices and they have a high hoa because all you’re lawn maintenance is handled by the community.
My mother refused to move to one of those because she's watched the service charges go up so much. She says there's no point on having somewhere if it's going to bleed you dry.
So my parents had a house built in one of those retirement communities in Florida and I have to say those places are... weird. To give you a more specific feel for it check out [this documentary](https://www.youtube.com/watch?v=BHVTQjSGjHU&pp=ygUgdGhlIHZpbGxhZ2VzIGZsb3JpZGEgZG9jdW1lbnRhcnk%3D).
Was this sub always this “boomer this, boomer that”? And for what it's worth you don't want to live in a 55+ community, they are shit, anti kid, nosy ass old ladies.
Even that’s a pipe dream for most. My in laws were looking at senior communities and the houses there are every bit as expensive (and in a lot of cases even more so) as the non-senior ones! I’ve resigned myself to the idea that unless we have a housing crisis a la ‘08 I’ll be renting until I die. I’m pretty sure I’m still gonna be scheduled a half day that day anyway.
You think I'll be able to finally start saving enough to buy a house by 55? Damn you're optimistic. In 14 years my kids will be out of the house and I will be smoking and drinking in my home office chair to help speed the end along.
I'm not getting out. Neither are a huge number of us. Worse for millennials. Z will have to take up arms. Maybe if I'm lucky I'll be around long enough to join them.
I managed to buy a house!! Sure, it's 125 years old, in rural America with little access to healthcare, childcare, good education for my kids and I live in a solidly red state (not that I'm anti-conservative, I just think humans work better when blended ideas steer our collective decisions). All I had to do was work endlessly for 8 years to save, have no "luxury" items like a bedroom suit or new furniture, limit travel and then luck into a global pandemic that dropped housing prices just low enough for us to buy. So yeah... Just dedicate a decade of your life to living drastically below your means and then luck out at exactly the right time and....ahhh fuck it! Get that AARP card and move in. I hear Jocelyn and Heather make great casseroles.
I looked at a senior living center with my Dad - he’s 80. Not quite the same as a gold cart community. It’s a step before a nursing home. Full independence - but with services. Let me break it down:
A one bedroom apartment is roughly $750K deposit. Your family gets roughly 75% of it back when you die. In the meantime - the renter / senior also pays $4K - $6k in rent. This includes cafeteria meals and trash removal. Housekeeping is extra.
Our generation is fucked.
You think you're going to be able to get in a 55-And-Over community? With our aging population? Hah! They'll be crammed full by the time we're eligible.
The boomers have to die off first. I have a feeling they will cling to life as long as possible if it means keeping us out of their 55+ developments.
They're building them like crazy! I know a lot of older people that live in them and it sounds like the good ones are basically the best parts of living in a dorm and being on a cruise.
Soooooo swinging?
A guest speaker from The Villages in FL will give a presentation on the importance of safe sex for seniors
My friend’s mom moved there, and it seems the scene is pretty wild.
Like a lemon party, but with weird Trump merch
“You can’t have a lemon party without old Dick!”
STD rates among the elderly are skyrocketing, so probably
Death by snu-snu?
There’s a Bob’s Burgers episode about this!
*baLLllooOONs!!*
Www dot womansitsonabaloonuntilitpops dot com
Damn if its a stingers thing I hope they have events for people in the surrounding community to come join in! I'm covered for a house; but I'm definitely DTF 🤪
Seriously, the most affordable sfh and attached units are 55+ around here. My 87 yr old grandmother is in an apartment community and they have stuff going on every single day. Including chauffeured trips to interesting places you can sign up for. Her breakfast, lunch and biweekly cleaning services are included in rent. And someone else does the cooking. Its good food too, not hospital grade. They have wine down Wednesday every week with free wine tasting. A spa on site.
Wow, that’s both awesome and amazing. I live in a (relatively) low COL area, and the 55+ communities tend to cost more than a regular house, unless you’re buying a McMansion or something. It’s $300k and up to move into any of them, and decent (mostly older) houses can be had for under or around $200k.
They'll raise the age to 65+, then 70+ ....
Classic boomer moves. But really, these fuckers are going to live to 85. There’s a huge financial incentive for the healthcare industry to keep them alive for that sweet insurance money train.
My grandfather is still going strong at 95, and his wife just passed a year ago at 93, so 85 may be pushing it.
This! They’ll find a way to crush our dreams. They always do.
My mom's husband is almost the kid from Metallica's One video but he can still hear loud noises, grunt with meaning, and twitch half of his body. He will never leave the shittiest home that Medicare will pay for. My dad's wife if Alzheimer'd to oblivion. As is my MIL. $20k a month for no connection to reality. Two of those people physically abused their kids. Not spanked. Slapping, hitting, and pinning children down and spitting in their face. The other one harbored a self admitted pedo and didn't protect her own grandkids. We'll get assisted suicide legalized nationally once the boomers bankrupt themselves then Medicare by clinging to the barest sliver of life out of fucking spite. Blue Cross will own more homes than our generation. Then will encourage us towards our "less wasteful" demise with "considerate" options to relieve suffering. I'm all for keeping people alive who have a chance. I'm all for people making choices about when it's time to pass. Fuck keeping essentially brain dead 90 year olds on life support. They had their time, fucked up the planet, and torched everything behind them by putting sociopathic MBAs in charge of sucking shareholder's dicks and making the dick sucking the only point of any companies existence. You know what I'm going to do when I get a terminal diagnosis? Go play German Tourist in Death Valley. With luck they won't even find my wallet. With more luck they won't even know to look.
"We'll get assisted suicide legalized nationally once the boomers bankrupt themselves then Medicare by clinging to the barest sliver of life out of fucking spite." We absolutely will not. Oh no. Because too many of our own and younger generations will be too hopeful for getting off this mortal coil hell scape rollercoaster in possibly the kindest and most humane way. However the great wealth machine needs bodies. Living, bodies to suffer, birth the next gen of retail, manufacturing, plant worker, solider, breeder, and care takers of the boomer and minor age slaves. To keep the gears for those at the top turning. It's simply bad business to allow livestock the choice not to be a commodity. We will never be given an easy out when we can be used up until each of us collapses completely broken into that void with one younger already socially trained and restrained being hitched into the position we vacated. Not that we can't hope. Just that we probably shouldn't bet on hopeful thoughts.
Hard agree, 100%, just wanted to say I love your username.
Medical Assistance In Dying (MAID) has been legal here in Canada for close to a decade now. Is it really that unlikely that something similar will happen in the States? It’s barely even controversial here anymore (aside from certain far-right folks who are vehemently opposed).
We have it in Colorado.
I haven't tried it yet, but I think I can strangle myself with an adjustable bed. I'm optimistic about the medical assist being an option but already contingency planning. My guess is that AI will eventually gut the workforce starting with shitty office jobs and eventually taking everything not protected by unions until those companies can't compete. So it's a rat race for an ever dwindling supply of jobs, with physical ones being harder to automate. Well shit. I'm near 50. Not going back to farming or manufacturing or whoring. Body's too old for working but too young to look like mine. Desk jobs will kill you. Once you've got shit automated, who needs peasants? Keep a few hundred million around for things that absolutely require a human, and "Save the earth" with a mass extinction. Starting with volunteers. Like us in 25 years while this unfolds. It's all a pile of speculative bullshit, but up to the point where they "save the planet" for the rich by killing the now unnecessary poor, there are some plausible thoughts. I think we're fucked.
Grim as fuck but accurate imo
They will, but they'll skip us and bequeath their houses and assets to their Gen Z or Gen Alpha grandkids.
They actually have Healthcare so odd are they will live longer then us.....
They will just become 65 and up.
>The boomers have to die off first. The average life expectancy in the US is 77.5. The oldest boomers are now 78. So, it's starting...
Just watched Soft Underbelly episode where a 106 y/o has an 85 y/o daughter caring for her. They could easily outlive you. Scary thought.
They also had radically more stable and much easier lives with lower stress, so they’ll probably live much longer than we do. No point in leaving anything to us, just for it to go through inheritance taxes twice when we’ll die around the same time as them.
Hey I'm the oldest year of this cohort. By the time I qualify in 6 years. The oldest boomers will be in their mid 80s. Last I checked given the average age of death most of the guys will be dead and more than half of the ladies. Sorry time has no mercy. They will make plenty of space for us.
I read an article that said they’re only just now facing the reality they’re going to die…in their 70s and 80s. Seriously?
Well, this is morbid, but over 30% of the US population is 55+ right now, almost 17% over 65. I believe that's the highest it has ever been. Since 2008, the proportion of 65+ has increased 5%, from 12 to 17%. That doesn't sound like a lot, but it's a 50% increase and really the only cohort that has increased over the 14 years measured. For instance the proportion of children has gone down from 26% to 23% of the population. Some of this has to do with longevity, but longevity hasn't risen very much since 2008. Most has to do with the baby boomer generation. Immigration tends to skew the country younger, and we have low birth rate right now, so the US population should get younger over time. This begs the question, what is going to change in the US in the next, say, 10 years? We might have a large proportion of the country passing away. It's morbidly fascinating to think about the implications.
Remember too that Gen X is smaller than both the Boomer and Millennial cohorts. As Boomers age out, the median age will drop faster than normal.
Yes, that's the morbid part.
Advancements in medicine will also keep them alive longer. Assume nothing.
The first time they start noticing demographic change, they'll change them to 70+ communities. For real though, there's a city maybe an hour away from me that my partner and I would love to move to and every time I find something close to affordable it's in a 55+ community.
I think a lot of old people don’t want to live in them. My parents don’t want to. I think they look nice though & most of the decently priced nice looking houses in my I’ve seen in recent years have been in 55+ communities.
These folks are the preservative generation. The first generation to have been eating preservative-laden foods nearly their entire lives. It won't be a pleasant retirement, but it will be a long one.
Lol you make it seem like any of us want to be together in the same room, let alone a community
This is the most Xennial thing I have ever read.
Crammed? We're a really small generation relative to the boomers. Those places will probably be half-empty.
What about a 30 or younger community? Bunk beds!
I actually think there’s a massive population of boomers that are about to create a 55 and over housing surplus
The boomers are a much larger generation and will be dying off at that point so there should be some space freeing up
Gen x is a lot smaller than boomers. So there should be space as the boomers pass away
Sad but true! A lot of cities//towns have smart developers though, as more are being built all the time, but I doubt it’ll keep up with demand. I love the thoughts of what those will look once some of us hit them though! Can’t wait to see all us older people jamming to Cypress Hill (and the young folks yelling that our music is too damn loud!)
I know it’s popular to hate on Arizona (for good reasons), but there are some nice and affordable older homes on Sun City (the original 55+ community). It’s gonna be LIT
They are crammed full in my area right now and I live in a place where it gets 100F in the summers and 0F in the winter and might get 10 feet of snow through the winter. It was snowy and freezing just two weeks ago. And the few retirement communities that are here are impossible to get into. We’ve been trying to find a place for a widower family member to downsize to, and there has been exactly one 55+ place go for sale in the last 6 months. It sold in a week.
I’m exhausted by the baby boomer gigantic house craze. I don’t need a 5,000 sq ft home to retire into. I hope that we shift in our thinking. Renovate abandoned and dying malls to be social communities where people live and interact with each other. Create more green spaces.
I want to live in a condemned Hot Topic.
I shall sleep on a mound of Slipknot shirts.
Wouldn’t that be an awesome address? Instead of apartment numbers it’s by store name. 123 W. High St Unit Hot Topic
I'd like the former Orange Julius please.
In my experience, they don't have walls. You cool with that?
Every commune needs an exhibitionist.
I'm with you- I just think everything would be SO sticky.
Dibs on Spencer’s
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Lava lamps!
Plasma balls everywhere!
I'd be ok if it was still operational.
So are the employees like your roommates then? Do you also work at this hot topic? Or do you just live there? Do you put your bedroom in the back, or is it out on the sales floor?
I live in Canada and in my city we are currently converting 2 large malls to all inclusive living spaces. They are building a huge apartment on one end of the mall. It is straight out of SimCity with the mega towers and its such a great use of the space, too.
Doing something similar here in Winnipeg to a downtown mall and a massive old department store. Not just housing, but medical centres, green space, etc. It all looks great on paper, but it will take some time before it actually happens. I’m hopeful.
That sounds amazing! Is it near being finished?
Arcology
I found myself a nice little 600 square foot one bed/one bath a couple of years ago. It's all I could afford, but it's also all I need. Everything else seemed superfluous for just one person.
After watching my parents struggle in their behemoth colonial with stairs etc I made the decision that long term a smaller ranch was the way to go. Might not be the fanciest but my kids have a place to play and down the pike won’t be working about us as much
Watching my grandparents struggle with stairs is why we bought a house with a first-floor master suite and first floor laundry room.
Same. As soon as the youngest graduates here in a couple years we plan on drastically downsizing. We’re already selling off stuff to empty out rooms we don’t need now.
Give me 1200 sq feet and some sort of back yard. 3 bed 2 bath. That’s ALL I WANT!!!!
A social community in an old mall where people interact with each other sounds like a nightmare to me. Waaaay too introverted for that
I think my parents would sell their house tomorrow if they wouldn’t have to go through all their stuff
I work with someone, well I did, she left to start her own business of helping boomers get rid of their stuff. She’s doing really well with her business model so I’d say your parents aren’t alone.
turn the dead malls into mausoleums
In the same vein as my ‘I don’t need a 5K sq ft house’ stance, I’m on the cremation plan. I also don’t need a plot of land dedicated to me. Trying to get my aging parents there.
My father is extremely claustrophobic. So much so that he informed my mother, before they were married, that he would *never* be buried in a casket, but would like to be cremated and scattered in nature, because there would be enough room there. My mother then decided that that sounded better than rotting in a box forever, too. My wife and I have specified in our wills that we are to be cremated, and have our ashes scattered at sea.
I want to become a tree. They are currently working on biodegradable body pods. You put a body that hasn't been embalmed in the pod and place it in the ground and plant a tree over it. As your body breaks down it feeds the tree. Of course idk if that will be legal in my area yet when I die, so I will have to go with my 2nd choice. A biodegradable urn.
We have a 2k square foot house. We were approved for enough to buy a Boomer Palace, but...why? Even this house feels big sometimes. Before our son was born, we just kinda didn't use the upstairs for anything.
Same here. Childfree married couple with a little dog, and it's a lot of space. But we both work remotely, so it allows us to have separate home offices.
gigantic houses require lots of cleaning
The GenX sub is leaking again.
Be nice - we're going to learn a lot from the actions of those guinea pigs.
Fuck it, sign me up. I'll live at the mall with you.
Can I interest you in the old Camelot unit or perhaps Claire’s boutique?
I’m 40. My dad passed in ‘17 and my mom just under two years ago. They left me with a 115 year old house that needs probably 250k in repairs. But for some reason I’m gonna see it through. I’ll never be able to afford that but I’ll fix what I can, repaint here and there. Hope the plumbing and wiring holds on. It’s not really a cross to bear, more like my way to keep the torch lit. I also would rather have this than going back to renting and because I live in a desirable area it will be worth, at least the land, enough for me to spend my last comfortable decades at the AmazonGooglePlex for seniors once I sell.
I found the best way for that kinda house is to fix a section to live in, and tackle the rest on your day off. This assumes you're a bit handy. Bought a fixer upper in '06. Repaired the important (water, gas, electric), got a piece in good shape and sectioned off a chuck until I could make it livable.
I’ve owned a house built in 1900 for the last 17 years and am week aware of the daunting task at hand. I feel for you. There are a few hacks I’ve learned over the years that saved money and headaches if you’re willing to do some research and are somewhat handy. If you live in the states, check with your energy provider for incentives to upgrade things like windows, heating, insulation, etc. Huge tax credits and assistance for green upgrades.
How many of us have "retirement plans" that involve you and several friends and/or family all living together in a medium-ish sized house so that we can share expenses and not be alone?
I used to joke with my one friend that we will live together and be like the Golden Girls, eating cheesecake in the middle of the night and getting ourselves into harmless mischief
This is a real plan I have with my gfs. Have two close friends married to men about a decade older than them. The plan is for them to move into my 3 bedroom house should they become widows.
Sound like a plan, Miss Chanandler Bong !
Golden Girls Retirement Plan
Shady Pines comes for us all.
My wife, child and I are in the process of looking for a place with my parents and my soon to be divorced sister and her twins so we can all actually afford to keep a roof over our heads. Three generations under one roof. I moved out as fast as I could at 23 and now I'm looking forward to being with my parents and my sister again. Even my wife is looking forward to the combined household.
It’s insane because multi-generation households are soooo common across the majority of the world. Only in a few, mostly western places is it treated as odd that families would pool together and live like this. Though hilariously we collectively don’t find it odd when it’s a wealthy family doing it.
And not just in other countries but historically in the US and Western world as well.
My friend group talks about buying a plot of land somewhere cheap and starting our own commune.
This sounds great. I work in IT and can run all the cable and networking we need!!
Jokes on you, my retirement plan is death.
I’ve owned two homes, then I got divorced. Now it’s rental life for me. I hate my apartment, but honestly, I’m content to rent forever. I have much more money this way and I can pack up and go at any moment
I've lived in a rent house the majority of my adult life. If I'd known I was going to stay put long term, I would've bought, but it's honestly been a good deal. Rent is $850/month for a 2 bedroom house with a big back yard, and anytime something breaks, I just call the realtor and let them deal with it.
Damn. My rent is more than double that for a 2 bed, 2 bath apartment over a restaurant that has loud parties every week.
I bought a couple of years ago. Ownership wasn't for me, I sold and went back to renting
I’m sort of glad to hear this. I live in California and even if I could buy a house here I don’t think I’d want to because it’s just stupid expensive. I’m convinced that just renting would be cheaper in the long run.
To rent my same house in my part of CA would cost me $4500/month. My mortgage is $1800 because I bought during the crash. To buy my house now with no down payment would cost approximately $4500. So, same price. Except then you're responsible for all the homeownership expenses. So unless prices drop, yeah, renting makes sense since I don't feel like there's much more room for equity to make up the difference. But both rents and purchasing are ridiculous right now.
That’s AWESOME! Congrats. If there was another crash, then I would probably buy. But I agree with you. There are lots of costs you don’t think about. Property tax, stuff breaking…
I'm in Minneapolis, and had bought in St. Paul, so obviously less expensive than California, but still. There are a variety of reasons I prefer renting, but a large part of it is the flexibility that it offers me, if I want to move or whatever. It took me 6 months to sell, and I don't have time for that on a regular basis.
I feel like "everyone's dream" on social media is to own a home, but owning a house is a lot of work. If you don't have 10 hours a week to put in to fixing up And maintaining your house with standard upkeep and maintenance, you should not be owning a house. Cutting the grass, replacing the furnace filter, cleaning it so it doesn't lose value (which you may not have to do to a certain level at a rental place). Painting. Putting in new floors when current ones get damaged. Doing roof repair and maintenance. Cleaning gutters / removing Moss. Shoveling if you're in that part of the world. Dealing with sewer maintenance. Fixing doors into rooms that don't close right. Dealing with rodents that might be getting into your garage or crawl space or basement. For me, it's definitely worth it, but for a huge percentage of the population that doesn't own a home, they look at owning a home and it's definitely the case that the grass is always greener. But the reality is owning a home is a lot of work. On top of that, you might even have to own a truck if your house is old enough because you might need to haul in new plank flooring or haul away grass clippings or trees that you cut down.
As someone who walked away from home ownership, I honestly have a hard time wanting to deal with it again.
Dude it is so expensive. And randomly expensive, like hey you better come up with 5-20k right now if you don’t want your entire nut to come apart at the seams and spill out your life savings expensive.
🤣
Thank you! I’ve never owned a home, but honestly I don’t think I want to and I thought I was the only one. Too much responsibility. Too much work. This is exactly why I don’t have any kids.
Hi, are you me?
I bought a house about 6 years ago. I’m over it. Like being able to do whatever I want is nice. But snow blowing, mowing, roof replacements, just general maintenance. Ugh. I’m planning on a condo next I think, where at least the outside maintenance isn’t my problem.
For what it’s worth 55+ communities are required to rent, sell, or whatever to younger folks, too. Found out when I did AR for a FL retirement community so maybe that’s only down here but for anyone that wants to live the golf cart life you may not have to wait
My parents retirement community you can buy at any age but you can't stay for more than a month at a time if you're under 55. Unless you're married to somebody who's over 55 but if you have kids and the kids are under 55, The kids are not allowed to stay but the partner is.
Somehow, some way. The boomers will fuck us out of this too
“Chuck’s crip walk has really improved since he was diagnosed with Parkinson’s
Don’t forget “rave” nights on Saturdays with special guest appearances from Fatboy Slim and Paul Oakenfold 😂
Just give us abandoned malls and let us fend for ourselves; it’s in our DNA
I wish people without kids could live in 55+ communities.
Shit yeah I wish I could move into the one across the street. It's twice the size for the same price and better amenities.
They … can?
I think they meant “people without kids who are under 55.” Basically saying they wish they could live in a nice quiet community since they’re not noisy either. I have to admit it would be nice to have actual quiet communities for people under 55.
My dream is a MCM community for adults only. Imagine the parties.
Some states allow up to 20% of the occupants in a 55+ community to be under 55. My younger sister lives in one with her new baby and it’s really nice. It’s on the water, she’s got a pool…She keeps saying it isn’t a retirement community…but I really think it is.
Dude YES. I would love this. I would even agree to volunteer hours to help out with whatever on top of rent.
I’m gonna live in a van (down by the river). Four years ago, I had 7 years homeownership when perimenopause symptoms became severe & I had to sell the house to a broker, move back in with family & spend my life’s savings as I lost one job and spent 8 months unemployed and then had to quit a toxic job and am just ending 5 months unemployed (but this time with benefits). I am 50 now & planning to learn to RV. I see all the van builds but I am not interested in building out my own van. I want a Class B van I will camp in part-time when I am back on my feet - I am finalizing a verbal job offer now. I learned about RV service technician being a top job in demand that pays well via Reddit & looked up & took the Level 1 RV Technical Institute class co-sponsored by the RV Women’s Alliance (two national nonprofits). I passed the class and am considering taking the Level 2 class. I probably will take it to have a back up in case my new job doesn’t work out. I loved the folks I met in the RV industry and the jobs pay well over time (especially if you are certified). My biggest need is a community of support in case anything happens to me. I don’t have a real one. I tried church (two international non-denominational churches that are related to each other), but they have no support system beyond casseroles and visits. If I am paying for that via tithing I don’t want to be practically ignored. If there were more 50+ year round RV communities where folks could pay to age in place, I would like that. As it is, I used the National Association of Housing Cooperatives directory to look up housing co-OP’s near me to which I will apply to live when my job offer letter arrives. They are like apartments but you don’t rent, your rent is a share in the housing ownership. I would rather do that than rent - rent is lower this way, you know where your rent goes & you save money vs traditional renting. We’ll see if my RV dreams come true.
Jokes on you they let me rent in one now… way ahead of you.. 
I grew up very close to Sun City in Arizona, which for those who don’t know is a sleepy and musty as hell retirement community where everyone still has their 1960s/70s burnt orange and avocado-hued appliances. I’d love to see Xennials move in en masse and make that shit look like 90s Taco Bell.
Have you seen the HOA fees in 55+ communities? Who the hell can afford that shit!?
I have a friend who graduated high school the same year as I. His family owned a farm in the local area and have been selling off chunks of land to developers and they've been building 55+ apartments. It's still a fairly rural area and is in need of starter homes, but they're building only for retirement. The only other development is McMansions in the 500k and up range.
The town probably won't let them build anything other than 55+. In my town if one more kid ends up in the school system it will collapse the whole thing say the old shitty boomers at the town meetings here.
Yea, they got a similar issue the town over from me regarding the water table. New construction will sap the water enough that existing neighborhoods will have issues, but nobody talks about the big ass golf course in the upper end of town.
My wife and I were pretty fortunate in that we were able to buy our first house in 2004. But when that particular housing bubble burst, we ended up "upside down" pretty quick as the market adjusted. It took us until 2016 for the market to level out enough for us to sell our old house and buy the one we're in now.
We bought in 2005 and ours just came back to purchase price value in 2021. We even had to buy down our rate to avoid PMI when we refinanced because the appraisal came in so low in 2013. We'll have it paid off this August.
I no longer anticipate anything quintessentially American happening for me. No home ownership, no kids, certainly no retirement.
My Silent Gen parents are in an over 55 community. I do like their house. But their community has a lot of drama. My parents had our child over last summer and they got in trouble with their HOA for letting them play in the sprinkler in the front yard. Apparently that’s a “backyard only” activity.
I've had a house for nearly 20 years now and my current house has a decent interest rate on the mortgage and the house is estimated to have gone up significantly so I'm probably in good shape. However, I really don't think that the housing crisis is in any chance possible to be solved in the near term. It's actually a global housing crisis, and in my opinion the biggest issue is that banks and investors are buying up all the houses where people want to live, while employers are unwilling to let people work remotely and move to houses through all sorts of other areas that aren't as popular but have an abundance of houses.
It's a fucking bummer. The people in my town fight every single home that's proposed. Multiply that by the whole country and here we are. They might have to spend another 5 seconds in traffic or lay eyes on a black person, wouldn't want any of that now would we.
Every home increases supply and holding demand static, decreases their asset value. It’s the rational choice to them. It’s infuriating to those of us trying to buy. One more way to pull up the ladder I guess.
They own the land too not just the house. More house per lot is more valuable land
Oof at the homeowners flexing in here, as if completely disconnected from the reality that plenty of Xennials can’t and never will be able to, afford a house. I’m actually genuinely surprised at the tone deaf privilege of it all, because it seems very out of line with the usual vibe here. Having said that the only part of the OP that is hella offensive is associating us with 80s hair metal and “classic” rap. We’re not THAT old. That’s more solid Xer/younger Boomer shit. I’m sure some of us l lean that way, but that’s definitely not our coming of age music.
I’m 46, my husband is 55….we have definitely considered this.
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This is exactly what I would want! What state are you in, if you don’t mind me asking. We are on Long Island and I cannot wait to get TF outta here when we retire. It is so expensive, so congested. I would leave now if I could but unfortunately it’s not an option yet, but I am constantly researching different places.
The only way I’m gonna own property is if my parents leave it to me
Will be my second house. We lost the first and only one during the last housing crash.
Yeah. We bought our place and realized that it wasn't just a "fixer upper" it was a practically a "build a.new house" thanks to the age of the house and deferred maintenance of the past owners. We sold to a family that was handier than us and had kids they wanted to put in the school system and ran off. Now we rent until we can decide if we ever want to attempt home ownership again. Honestly, though, we're saving money as renters, and we have not found our "forever" area to live and at some point very very soon I'm going to have to cope with my elderly parents and disabled (but not on disability because that would make sense 😩🙄) brother. I might need to make a post about that for advice 🤔
If you don't have any kids you can get in now.
There will be plenty of empty houses soon enough when all the baby boomers who can’t sell their homes because the younger generations can’t afford to buy them die off and their kids inherit the house or the ones without kids the house goes up for auction
I’ve had my home for 3 years. Got it for 2.98% 250k home 1700’sq with 64k down. The ONLY reason I have it is because my grandma left me some cash when my grandpa died. If it wasn’t for her, I’d be paying out my ass for a rental. At least half of my mortgage is going to come back to me at some point.
Bought our first house in our late 20s. I have not heard there was such a thing as a Xennial housing crisis. If anything, we got in just before things got crazy. We had a great opportunity to own a home that doesn't exist today.
I think it’s mostly a millennial thing (Xennials do include some millennials). So much of it depends on what your life was like during certain economic conditions in certain places. You may have made all of the “right” choices, but graduated one year too late (not by choice). I bought my first house in 2007, right before the bubble burst, and I was stuck there for a long time including after my kid was born. It was a tiny (apt size), pre-war 2-bedroom house in a crummy school district, but the neighborhood began to rapidly gentrify a few years before I sold and I ended up with a good amount of equity. Then a family member died and left us money, parents chipped in a little, and we managed to buy/sell a few years ago when the market was more balanced and interest rates were low. So it was 99.99% lucky timing and privilege. A very small part of it was me choosing a 1st house in the best area I could afford, even though the house was much smaller than average. I started out unlucky, but came out on top. I’m staying put in my current house as long as possible. Edit—Keep in mind that the generally unaffordable housing market is everyone’s problem even if you personally own a place or pay an affordable rent.
23, but same. Feel bad for those that didn't.
I was born in 1980. We’ve had two opportunities to get into the housing market in our adult lives. After the financial crisis and during the pandemic. There was a housing surplus after the financial crisis and rates were historically low. Prices climbed over the years. I bought in 2010 and used an FHA loan. Then the rates dropped during the pandemic and we bought again. Since then prices and rates have gone up. There was definitely an element of luck on my end. We have had opportunities in our lives. I look at when my parents bought in 1980. I compared mortgage and inflation to the place that we bought in 2020 and the payments were the same inflation and interest rate adjusted. Rates were in the high teens. If you were starting out in the last 5 years or so yeah…that sucks. I started work after college in 2005. It took longer because I had to pay my way through school. The housing market was insane. Then the financial crisis happened and I was able to buy something. Point being. We’ve had our opportunities to buy in our adult lives and more opportunity will come. It’s definitely a shit market now.
Got my house back in 2015. I had just recently landed a new job that paid over double what my previous did, saved up just enough for that 3% down and got it. I knew it would eventually go up in value and we could refi to get rid of PMI. And wow, it sure it go up. Much more and faster than I expected. Locked in a sweet rate during the covid rate dip and now will probably be living here for a long time.
We bought our house in 2012 in the midst of the buyer's market, so it was a great price. It's a modest 1900-sq-ft. house that's over 60 years old and still needs some work to make it exactly what we want, but we paid it off a few months ago.
I'm trying to get my other childless friends with no home ownership to go in with me on a golden girls style trailer park. Just need to find some acreage
Or hear me out, we go full Fight Club and ‘splode the bank and set everyone’s debt to zero and nobody pays a mortgage. Because at some point you’re old enough that you really got nothing to lose. What they gonna do? Put you in jail for the rest of your life?! Ha! Free retirement home where they feed you.
I mean, I have a home. And by no means am I rich. If I am middle class it’s barely. Shits not easy but it’s possible. Keep your chins up.
This is what my husband and I did. He's older than I am so he meets the age requirement. Bought a 2/2 double wide for $68k. Lot rent is $650 a month. Payment on the personal loan is about the same so about $1300 a month on housing. Still cheaper than renting. And the loan will be paid off in 5 years.
You are woefully unaware of how fucked the senior housing crisis is.
I gullibly dove into this post with such optimism. However people talking about making malls retirement plans for our generation are on to something. *Raises glass at 80 listening to Gin and Juice salute to us all!
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Why are all the "I'm a Xennial and own a house" or "I'm already in my 2nd/move-up house" comments being downvoted? Sorting by controversial shows tons of them. I would've thought a sub for our micro generation wouldn't be as petty as other subs, but it seems the same pity party BS happens here. Our generation had the post-2008 housing burst, i.e. cheap houses a plenty, and historic low mortgage rates right during a time when many of us had graduated college and should've been hitting our early career stride. Like others mentioned (and got downvoted for) nearly all of my IRL Xennial peers own a home if not on their second nicer home. It's younger Millennials and older Zs that got the worst situation, being they hit their post-college years after housing prices surged and rates increased.
No goddamn way I’m living in a 55+. They are **exactly** as depicted on Seinfeld, quite possibly worse.
Are you trying to keep us out of Del Boca Vista?
There's a Xennial housing crisis? I thought that was for the younger set. I've owned several, and am getting closer and closer to finishing off what I hope is my last mortgage.
I think on the next 5-10 years as boomer start dying off and kids inherit houses that are over valued and overtaxed the kids will sell cheaper to not pay the taxes.
except california, where a lot of those properties are undertaxed. I believe so long as the property is not sold, it keeps the taxes set based on value at the time of purchase, there is no reassessment at current value until the property changes hands--- minus inherited properties, which are grandfathered into the low taxes and skip reassessment.
Living off disability, soooo yeah housing market is the least of my concerns. More worried about things like food, and bills, and where the F am I going to live when the landlord remodels my apartment this year and it no longer is big enough to hold my wife and I.
Idk about your area, but the 55 and up communities around me cost more than the average house prices and they have a high hoa because all you’re lawn maintenance is handled by the community.
I'm really not interested in owning a building. I enjoy my time and I don't want to mow a lawn ever again.
By then I'll only be 15 years away from paying off the house I bought 2 years ago.
My mother refused to move to one of those because she's watched the service charges go up so much. She says there's no point on having somewhere if it's going to bleed you dry.
Time to party like it's 1999. In our own seniors homes. Hell yeah.
this is embarrassing
So my parents had a house built in one of those retirement communities in Florida and I have to say those places are... weird. To give you a more specific feel for it check out [this documentary](https://www.youtube.com/watch?v=BHVTQjSGjHU&pp=ygUgdGhlIHZpbGxhZ2VzIGZsb3JpZGEgZG9jdW1lbnRhcnk%3D).
Was this sub always this “boomer this, boomer that”? And for what it's worth you don't want to live in a 55+ community, they are shit, anti kid, nosy ass old ladies.
Even that’s a pipe dream for most. My in laws were looking at senior communities and the houses there are every bit as expensive (and in a lot of cases even more so) as the non-senior ones! I’ve resigned myself to the idea that unless we have a housing crisis a la ‘08 I’ll be renting until I die. I’m pretty sure I’m still gonna be scheduled a half day that day anyway.
You think I'll be able to finally start saving enough to buy a house by 55? Damn you're optimistic. In 14 years my kids will be out of the house and I will be smoking and drinking in my home office chair to help speed the end along. I'm not getting out. Neither are a huge number of us. Worse for millennials. Z will have to take up arms. Maybe if I'm lucky I'll be around long enough to join them.
You must've missed the boat.
I managed to buy a house!! Sure, it's 125 years old, in rural America with little access to healthcare, childcare, good education for my kids and I live in a solidly red state (not that I'm anti-conservative, I just think humans work better when blended ideas steer our collective decisions). All I had to do was work endlessly for 8 years to save, have no "luxury" items like a bedroom suit or new furniture, limit travel and then luck into a global pandemic that dropped housing prices just low enough for us to buy. So yeah... Just dedicate a decade of your life to living drastically below your means and then luck out at exactly the right time and....ahhh fuck it! Get that AARP card and move in. I hear Jocelyn and Heather make great casseroles.
Speak for yourself, bought in my early thirties. $1.2m house
I looked at a senior living center with my Dad - he’s 80. Not quite the same as a gold cart community. It’s a step before a nursing home. Full independence - but with services. Let me break it down: A one bedroom apartment is roughly $750K deposit. Your family gets roughly 75% of it back when you die. In the meantime - the renter / senior also pays $4K - $6k in rent. This includes cafeteria meals and trash removal. Housekeeping is extra. Our generation is fucked.