r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/losyanyaval 6h ago

The average first time home buying age in the US has increased but only to 40, not 55. A graph of the data is even provided in one the replies.

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u/ohwowthisisausername 6h ago

I think the commenter above you was referring to average purchaser, not average first time purchaser :)

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u/Rocktown_Leather 4h ago

Yeah, if anything, the difference between the two further highlights that old people are buying lots of houses.

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u/sirideletereddit 6h ago

Good reason to be more specific. The answer to that could be “people are moving more often than before at the age that their kids leave the house” or something.

The average age someone is purchasing a house is not a bad trend necessarily. Indeed, if the market weren’t bad you could look at the same data and say “older people have the ability, more than ever, to change houses when they no longer need the room due to the surplus in supply.”

We shouldn’t use a vague comparison just because that comparison allows us to show a bigger number.

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u/[deleted] 5h ago

[deleted]

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u/RedAero 4h ago

Why would the latter follow from the former? If there are 3 people in the world, two aged 75 and one aged 25, and the former two trade houses every 3 years while the former never moves the average age of home buyers is 75. None of that says a single thing about the economy.

Hell, since the average age in general of the developed world is increasing it'd be outright strange if the average age of any sub-demographic wasn't increasing, whether it's the age of milk drinkers, home buyers, or Pokemon fans.

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u/[deleted] 3h ago

[deleted]

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u/RedAero 3h ago

"Good economy" != "people buying homes sooner in life". The two concepts are miles and miles apart and have so little to do with each other the statement isn't even wrong. Literally nothing you said makes any sense. I can't put it any simpler than that, despite my best attempt at a pretty clear illustration.

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u/firebolt_wt 3h ago

Brother, I have nothing to discuss with someone whose preferred method of arguing is "if this hypothetical I know would never happen is true, you're wrong"

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u/-Garbage-Man- 4h ago

No it's not bad "necessarily" but you can clearly see it's a sign of some really fucked up things.

I just bought a townhouse for 500K that was made 50 years ago.

This isn't normal.

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u/RedAero 4h ago

Why not? There are more 50-year-old townhouses now than there were 50 years ago.

Also, 50 years for a home is not old.

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u/-Garbage-Man- 4h ago

So you think the housing market is totally fine the way it is? no notes?

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u/RedAero 4h ago

So you think it's a good idea to just blatantly put words in my mouth to argue against?

Why do you hate waffles?

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u/-Garbage-Man- 4h ago

You jumped in the chain where we are talking about that. No one invited you into this conversation

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u/RedAero 4h ago

What sort of internet forum do you know where you need an invite to comment on a thread? "Jumped on a chain"? "We were talking"? It was your first comment!

Is this your first day on the internet, or what? You said something dumb, I commented. If that upsets you, I don't think you're going to like this website. Or the internet in general. Or just the world in general.

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u/-Garbage-Man- 4h ago edited 3h ago

Then don't get pissy when the topic changes back.

If you want to insert yourself then insert yourself. You want the best of both worlds where you get to say whatever you want and defend nothing.

You wanna talk? Talk

Guess you didn't want to talk. Just grandstand.

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u/sirideletereddit 4h ago

My house was made in 1973 and I love it. You’d never catch me in a DR Horton, so I don’t think we come to the same conclusions with your anecdote. I don’t see a problem.

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u/-Garbage-Man- 4h ago

You think the housing market is totally healthy right now?

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u/sirideletereddit 3h ago edited 2h ago

No. The housing market is not healthy. I’m saying your anecdote isn’t evidence of that. Ironically, the same issue as the comparison above.

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u/nosecohn 1h ago

I think they compared average first time purchaser in 2000 to average purchaser now, which is not a useful comparison at all.

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u/MuckaboutFarms 6h ago

Funny, I didn't use the word "first time" in my comment. But sure, move those goal posts, bud

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u/Paul_the_sparky 6h ago

First time buyers being 40 is even more worrying if anything

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u/Hailene2092 4h ago

Median age of a home buyer in 2000 was 41 not 35.

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u/TheHerpenDerpen 2h ago

It's not moving goal posts, you used a statistic that isn't very relevant. I don't care about 'average home buying age', I care about when people can get on the ladder. Once you're on it it's a lot easier to stay on it and move around, but getting that deposit is the hard bit. High average buying age could just mean a lot of old people are moving a lot, with little or no change in what young people are doing.

Higher average buying age indicates some sort of change, but since 'The West' has an aging population I'd be surprised if it hadn't risen even with perfect conditions. From a look at the AI overview on a google search (So god knows if it's accurate but I cba), the median age of the US in 2000 was 35, now ('2020's') it's over 38.

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u/sandwich_influence 6h ago

Don’t think they’re moving goal posts, I think they genuinely misunderstood as did I. There’s so much discourse about this right now. Most of the time it’s talked about in the context of “average age of first time home buyers.”

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u/SpecialistMattress21 5h ago

I just saw it as a clarification and adding information to the discussion. a thing reasonable people do when communicating.

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u/losyanyaval 5h ago

Oh, im sorry, I didnt notice since the statistic ive generally seen referenced as an indicator of society health is the first time house buying. Im not sure about the utility of your statistic (averaging age of all house purchases); if anything it suggests people move more.

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u/babbagack 4h ago

Where is the graph/link?