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LOL..new homes today are trending towards 2600 sq ft.
The recovery brought back those super sized homes and it isn't boomers that are buying them.
http://www.realtor.org/sites/default...2015-03-11.pdf
Younger buyers tend to buy older homes, and are more likely to buy previously owned homes.
Most often they do so because the home is a better price and better overall value. Older
Boomers and the Silent Generation are more likely than other generations to purchase a new
home, most often doing so to avoid renovations or problems with plumbing or electricity and for
the amenities in new home construction communities.
Although op's post is a bit extreme, I think he/she made some valid points.
I notice that older generation always criticizes the younger generation. It seems like there is no mutual respect. Example, NOT ALL OF THEM, but quite a few older generation of veterans like to criticize the younger generation of veterans. Saying How did we get from being men and women of honor to a subclass of entitled and counter-culture, whiny, wussified leaches? Yeah, right. Just because you fought different wars, doesn't mean you are tougher or better. Of course I am not saying all of them are like that, but certain people just have this type of mentality, which is annoying.
You know - there are an awful lot of threads on here criticizing Boomers and it annoys the hell out of me.
Because I don't and never have believed in the old, tired meme of "Everyone Gets a Trophy" and I don't believe that all Millennials are lazy, spoiled, etc.
Yet I have to look at thread after thread about how bad Boomers are.
Perhaps you should look more closely at political ideology as opposed to age.
You know - there are an awful lot of threads on here criticizing Boomers and it annoys the hell out of me.
Because I don't and never have believed in the old, tired meme of "Everyone Gets a Trophy" and I don't believe that all Millennials are lazy, spoiled, etc.
Yet I have to look at thread after thread about how bad Boomers are.
Perhaps you should look more closely at political ideology as opposed to age.
http://www.realtor.org/sites/default...2015-03-11.pdf
Younger buyers tend to buy older homes, and are more likely to buy previously owned homes.
Most often they do so because the home is a better price and better overall value. Older
Boomers and the Silent Generation are more likely than other generations to purchase a new
home, most often doing so to avoid renovations or problems with plumbing or electricity and for
the amenities in new home construction communities.
You have to look at 2 sets of figures in your link.
Who are the buyers because they give a percentage in the size of the home bought.
So while 28% of boomers bought bigger homes the boomers aren't the majority of buyers of homes.
And it looks like it's evenly split among generations at that 2500 sq ft home.
But the biggest group of buyers are gen Y at 32% while older boomers are at 15% and silent generation is at 10%.
boomers: 28% of 15% is 4%
gen Y: 28% of 32% is 9%
Silent Gen: 28% of 10% is 2%
So it's still the younger generation that is the biggest purchaser of big homes.
Boomers also need to stop BLAMING Millennials for "everyone gets a trophy." THEY were the ones behind the self esteem movement and Millennials are just on the receiving end of it.
Some of actually tried........some boomers were trying to make up for what they couldn't win in school. Some just had a hard time with some people are winners and some didn't win anything. I for one hated that my son got a trophy during softball. He spent more time at the age of 8 staring into the sky and not paying attention to 2nd base. He was not into the game at all, which was fine with me, the award made him think he participated, he really didn't. His talents were never in sports, he was a motorcycle/dirt bike rider and still is.
He is now a Millennial and even he sees it was more about parental raising and now sees why he wasn't given everything in life to make him comfortable. For the most part during my kids school years they were the only ones to have chores. Chores are like a lost art, or parents give chores with no meaning behind them. It's all about parenting properly.
Well I was born in 1946 Detroit was trying to recover from the loss of the protection of the War Production Board and nearly limitless spending. It did fairly well and by the time I was old enough to buy a car (1968) it was producing some of the most extravagant beasts to ever roam our Highways. I couldn't afford one as I had only been back from an interesting year in 'Nam (remember we had a war in Asia at that time) and dead broke. Just trying to get any job above grunt work around Albany, NY while the only sound you could hear was industries collapsing was not exactly easy. Fortunately I moved to Connecticut where I got a job in the high tech industry as a machinist/machine builder. That paid some of the cost of a college education.
Over the years I worked as an scientist and energy specialist for the private sector and the government. Fortunately for me the last 25 years as a government employee has yielded a decent pension and great health insurance. My wife and I are still living in a small condominium we bought almost 40 years ago because we could not afford even a 'MiniMansion" on a State workers salary. I am now retired and even have a handicapped sticker for my car.
I was there for the Days of Protest and "Free Love". I didn't do the former or get much of the latter as I was married at the time to the same woman I am married to now. So I am a "Baby Boomer" that missed much of what you kids thing happened. So what? Now I watch you kids try and survive in a much harsher world and do not envy you one bit. Good luck folks.
I <3 being part of the non existent generation (aka Gen X). It's funny watching you guys fight non stop over such stupid crap, considering you're both (boomers and millennials) full of ****. Also, these generational monikers pretty much only describe upper middle class straight white people..
All I can say is -- I'm glad Millenials can afford to pay the taxes they voted for in 2008 and 2012.
And it should be a blast figuring out how to support yourselves with unlimited immigration and a job market that will be increasingly constrained by automation.
Location: New Albany, Indiana (Greater Louisville)
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Quote:
Originally Posted by Goinback2011
All I can say is -- I'm glad Millenials can afford to pay the taxes they voted for in 2008 and 2012.
Millenials thank the Boomers for leaving us with trillions of dollars of debt from two Middle East wars that were lost and should have never been fought to begin with. Wars were the dead soldiers were Gen X and Gen Y.
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Wars were the dead soldiers were Gen X and Gen Y.