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Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "
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[quote=Anonymous][quote=Anonymous] Wow you people are nuts. Boomers actually bought real 3/2 simple starter homes and coped with 18% interest rates in the 1980s. Oh, actual gas SHORTAGES too. We did have a break and college tuition compared to today, but most of us went to community colleges or state colleges. We didn't feel entitled to go to Yale. We worked our way up, we worked long hours and paid our dues. Young people today aren't interested in starting at the bottom. [/quote] I bought my first house at that rate and most houses back then were 3/1. Most of us Boomers here didn’t have a mortgage interest rate of less than 5% until well after the turn of the century. I think my first below 5% was in like 2014. So yes the sticker price was less but not factoring in the cost of high interest rates means not comparing apples to apples. And yes, in the DMV, this accurately reflects my current housing costs now that the mortgage is paid off. [/quote]
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