United States | News & Politics

7328 readers

138 users here now

founded 4 years ago

MODERATORS

[email protected]

328

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

submitted 1 year ago by [email protected] to c/[email protected]

87 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] glimse 7 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 1 points 1 year ago (1 children)

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

[–] glimse 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 2 points 1 year 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.