Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous]3+BR is a wide net, including 4 and 5+ BR. A 5 BR house is double the sqft of a 3BR, on average.

The problem is real estate agent costs (improving now) and the insanity of excise taxes, punishing people for making socially good decisions to move house.

Capital gains taxes are a secondary important concern,  since they aren't inflation adjusted.

Also, "mother in law suites". Large houses need to be modified so an elder can live on a ground floor in a separate space from the family / housemates who lives in the rest of the space.

Younger generations aren't priced out of homeownership:
https://fortune.com/2024/01/17/redfin-baby-boomers-gen-z-housing-market-homeownership/

Also notice switcheroo here, lying with statistics

"More than half of boomers have no mortgage. That group pays a median $612 in monthly housing costs, which includes insurance and property taxes,"

First, this is all boomers, including condo owners, not the 3+BR house owners.

"Have no mortgage" isn't a meaningful way to filter. Having home equity vs mortgage debt+investment doesn't change wealth. These people are "paying" an extra few percent of their home value in foregone investment gains, bringing their costs up.

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