Reply to 80s & 90s sitcoms. Middle class families from those shows would today be priced out of their houses.

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Reply to "80s & 90s sitcoms. Middle class families from those shows would today be priced out of their houses."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, but I’m told I’m entitled for wanting a nice home with my good salary. [/quote]

Fed and bank policies caused an unprecedented increase in home values in the last 25 or so years. (The primary beneficiaries were the boomers of course.) Once those home values go up in major metropolitan areas, they rarely go back down significantly. I don’t see it happening in DC anytime soon. Unfortunately, some generations got more screwed over than others. [/quote]

The housing bubble started January 1, 2000, up till then homes were just a hedge against inflation. After 9/11 housing stalled shortly and was not till 2002 it took off. Then we had 2009-2011 correction.

I bought my first home Feb 2000, I paid $278k. Brand new in 1954 was $13,500. The first 45 years rose in value in average $5877 a year. Steady rise.

However, from 2000 to 2005 my home shot up to $540k. Around 52,000 a year. In 2000 the youngest boomer was born 1964 making him or her 36. First time buyers were mainly Gen x.

My old house rose in value from 2000 to 2005 the same $ amount it did from 1954 to 2000. [/quote]

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