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Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression’ (moneywise.com)

submitted 1 year ago by narwhal@lemmy.ml to c/usa@lemmy.ml

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[–] PizzasDontWearCapes@sh.itjust.works -5 points 1 year ago (1 children)

People also fail to factor in the difference in ameneties between boomers' 2 bedroom, single floor, no-garage house vs what people demand today

[–] glimse@lemmy.world 6 points 1 year ago (1 children)

I'm actively searching for a house to buy - smaller than the one that what I grew up in - and while you're right about people wanting more space, it does not matter. Homes are disproportionally more expensive than they were in the 80s

[–] Wakmrow@lemmy.world 1 points 1 year ago (1 children)

The house I grew up in is now worth 1.4 million dollars.

[–] glimse@lemmy.world 2 points 1 year ago (1 children)

I was going to include house much they sold it for a few years ago but I didn't think it was a fair comparison because they added a second floor

[–] Wakmrow@lemmy.world 2 points 11 months ago

It's the thing I use to hammer home the idea that our lives are dramatically worse than our parents. I could not dream of paying that mortgage but my mom could pay it as a single mother of two because they bought it in the 80s for 300k and engineer salaries allowed them to pay it.