Buying a house as a millennial vs. a boomer
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- Опубліковано 22 сер 2024
- Either way, it feels pretty hopeless these days.
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I’m a millennial but I shop houses like a boomer and this is why my husband and I still don’t have a house lol. We dropped out of the market because I REFUSE to buy a house I’m asked to waive inspection and appraisal on.
You're a smart one. Hold your ground. They'll get affordable eventually.
As a home owning boomer.. Absolutely girl do not let them do that.A loan and your insurance depends on the condition of your structure! Like did you pass? I can’t!
@@cspat1 in our market, it’s crazy out here. Ppl are actually buying these houses waiving inspections and appraisals. We put in 4 bids and lost them all, not because we underbid, but because we wouldn’t waive inspection and appraisals. Every, single, one.
My parents bought in 1980, and they moved further out and paid a lot for the time and for their income. Had they waited, why would have paid A LOT more for a house. 9 years laters they sold that house for almost 4x what they bought it for. Never try to time the market. You assume the likelihood that homes will go up in price, as there not enough inventory. And if prices did drop, we have 3 years of people waiting it out in line in front of you, who will jump the prices right back up.
I know, I feel bad for millennials, or at least the ones that vote conservative, because the wall street reform and consumer protection act really screwed first time buyers in this timeframe.
@@jesse_- I’m not trying to time the market. I just don’t want to buy a house I have to waive inspection and appraisal to get. I honestly don’t even want a house. My husband does. It’s not worth it to me to end up house broke because we didn’t have those safety nets. If that means we’ll pay more for a house because we waited, oh well. I’m fine with that. I’m more concerned about make a bad financial decision that puts us in the poor house.
Since when could millennials afford a house?? Love the pod and the vids guys. This podcast is Top 2 not 2!
Facts!! I made some dumb decisions younger willing to admit that but now my credit is decent but how can I buy a house today?!?😬😞🤯😕😕
#85baby #37
Bro I felt that comment in my heart 😩😩
Accurate
But the more well-off ones, when they do... kinda like this
Stop being poor.
I’m a real estate agent and this is accurate. Actually the Alexa thing has to be on a seller’s disclosure. That way buyers know that their conversations can be listened to
I have a relative who bought a house and started ripping out cabinets and then ripping down walls one by one until literally all they had left was a big stone fireplace and they built a whole new house around it.
Did they do it themselves?
@@catherinegarmon3027 Some of it they did and some they hired it done.
1:47 im a millennial but I watched Smart House as a kid and that makes me extremely cautious. A ring doorbell is fine its looking outside not inside.
I've been in the mortgage biz for over 30 years, these depictions are spot on accurate!
I loved this 😂 me and my fiancée are actually looking for a house. I'm considered a millennial but i was definitely relating to the baby boomer more. ❤
When they say 'millennial', they mean the 25-29 yr olds. Yall have to remember that older millennials are late 30s into early 40s. Most don't do anything like that. And everyone completely skips over the whole Gen X generation.
🎉
I like to think people don’t complain about GenX because we are perfect 🤔
@@shellyballard8316😂!
Okay now. Gen X is the perfect in-between of these two! We do DocUSign AND read the fine print :)
🎉
Those were great years to be growing up. I was around before the internet and was at a great ago when Myspace was the coolest ever to happen
Just bought my home last week! My goal is to knock down every interior wall. No privacy but I do like the open concept!
Congrats on the purchase! Hope those walls all come down - who needs privacy these days?!
Also just bought my first house last week! I'm taking out every interior and exterior wall. I think I'll take the roof out too, while I'm at it.
Pfft, I'm waaaay ahead of you both. I got myself a house this week, and it's awesome! No walls, floors or roof, PLUS it's super environmentally friendly - just grass and dirt! With housing prices, it's definitely going to be the way of the future 😜
@@mii2oo150 Oooooo, nice! You should take that grass and dirt out to really open up the space!
@@ArchIVEDCinema 😂👍
"Thanks to these bad boys I was able to string out enough debt.....". 🤣
can people still afford to buy houses these days? i thought they put a moratorium on that for a little bit
Just stop being poor
aint nobody poor if u got eternity secured this is just a leaf withering for a season i aint here for a long time but im here for a time @@brianmcg321
Gen Xer here, who grew up poor, so when I got my house a couple of years ago, I checked everything, I read ALL of the paperwork...😳.
But there's a bunch of cool mom & pop places around that was important to me as well.
My husband and I (millenials) are selling our house and took a lowball offer of 20k under asking. (We still pocket a significant amount so we didn't care and this offer also came with us not having to do any kind of repairs)
15 years ago my in-laws (boomers) were trying to sell their house and my FIL was offer ONE GRAND under asking and he said absolutely not and they still live in that house to this day 😆
Oh man. 20k under isn’t a low ball. I would just call that a reasonable offer
Not these days. I hear stories all the time about people offering asking price on house after house, and the houses go to people who offer way over asking price.
It’s crazy, but I expect to see an (ahem) correction soon, and some people will be kicking themselves hard for paying what they did.
I'd not count on people kicking themselves that much. The issue is supply, not really demand. Many have walked away and even if interest rates fall back down to 5% there's still a ton of people who won't sell because they're locked in at 3%.
Think back to the summer of 2022. Ultimately, if prices come down the demand will shoot it back up. Interest rates fall, demand will increase.
Income increases, demand will increase.
The fed and everyone in gov is very cautious about repeating 2008, so they won't let the bottom fall out. It's more likely that we only see about 2-3% increases in home value in the next 5 or so years while supply, interest rates, and incomes can keep up.
@@mikewatkins7618I hear that! I'm in Ontario, Canada. People went nuts here and drove home prices sky high and sunk every available dollar they could into outbidding the next guy. Now interest rates are up, and those same people can barely afford to pay just the interest when they renew. Unfortunately many are renting out their basements for $2000/mo, or a single bedroom for about $1200/mo. You can't rent or buy anything decent without going broke!
Hahahaha the outro 🤣 so aggressive. But I wholly agree 😁 you guys never miss! Great video, as always!
Thank you! Listen to our podcast if you're interested in hearing more of us - it's called Ghostrunners! We have an absolute blast there too.
@@JeanShortsComedy your request was not aggressive enough 🥺
You guys are so funny! Keep up the great work ❗️
Thank you!! 😁
I’m born in 88. My home owning plan is buying my parents house from them and dying there.
“Shirley’s thinkin’ about goin’ next to me” 😂😂🤣🤣
Really enjoy the videos but not a fan of the reuploads at all
Totally understand! We're working to make new content but also want to show some people our classics in case they missed them the first time. Thanks for supporting the channel!
I thought it was even better the second time! 😂 A new video ever week is asking a lot but the youtube algorithm demands it. Cut them some slack.
@@jayhawker2363 a video a week is definitely a difficult thing to produce, it's just I don't like posting the same video at all, I'm not trying to say the guys need to work harder
Whoever was laughing off camera after the "unschooling" joke has a great laugh!
Love the Good Dad Crazy Dad bit at the end 😂👏👏
Love you guys but what’s with all the reuploads lately? This video along with the work from home vs office posted a few days ago were originally posted last year. I knew they looked familiar after watching..
Millennial here and I bought my house like a boomer 🤣
Too funny! This is spot on. Thank you for a good laugh this morning. 😂
Hahahaah, so many good lines in this one. 😂😂😂 And the editing is spot on.
Turned the lights off on me!! Laughing in the dark now
If I could, I would subscribe multiple times for you guys. Always hilarious!
Very funny, and accurate! I'm Gen X, and I don't like Alexa either! Loving the good cop/bad cop scenario.
Definitely set off my Alexa 😂
Repost 😂😂😂😂 gets better everytime
Love how you keep the bloopers 😅
Your humor is unmatched 😂
I feel pretty proud...my husband and I are one of the few Millennials who own a home (in California, no less!)
Granted, we had to buy a piece of crap that needed a complete renovation, less than 800 sq ft, located way out in the middle of nowhere.
But still...we own a house😅. I think we paid too much for what we got, but it is what it is.
As a Mississippian, I appreciate the joke about the bank down in Mississippi. 🤣
The unschool joke got me 😂
But even better was Trey cracking up at it
Some 30+ yr old friends going thru buying their next house so this is deja vu. But you forgot about septic systems when moving "out of the city"!
Giving me Mitch and Cam vibes from modern family during the subscribe section at the end.
That was hysterical 😂
Brads boomer wall joke 😆
"Unlike those dead people over there in Pennsylvania!" LOL!
I love you guys!!! You both are too funny!!! ❤❤
I'm staying in my house forever. My mortgage is $522 a month, so to paraphrase Jake in the outro, I'd be an idiot (if I moved). 😅
“Those dead people in Pennsylvania.” 🤣🤣❤️
My son (26) asked Google ( in his smart car or whatever) why I was so paranoid about technology yesterday. 😂😂
It told him possibly cuz I was depressed or that my life hadn't turned out the way I wanted it to.
Then he played me Vaccine song.
No joke.
Millennial here, got lots of advice from My boomer parents when we bought our first house!
Breaking character to remind who's playing the boomer. 😂😂
I am a subscriber but I still Love the videos. They make me laugh my ass off 🤣. They are just so very AWESOME AND FUNNY. Keep up the great work and before you know it, you will have more subscribers than ever. I LOVE YOU ALL SO VERY MUCH.
When you mentioned Montessori schools & unschooling though 😅
2:53 - Trey laughing in the background 😄
Wow my dad loves Mtn. Dew warm & all this time I was thinking he was the only one . LOL
Treys laugh 😂😂😂
Just happened to stumble upon your channel and this video made me laugh! 😂😂😂 And yes, i subbed. 😂
I enjoyed this one a bit extra. 😆
Keep up the great work
Love when Trey makes an appearance
Walks in house “Rendall Weaver! Look at this place”
Love hearing trays laugh 😂
You guys are hysterical !!!
This is so funny! 😂
I did see Millennials paying $50k over asking, while a boomer selling $50k below asking (without a RE agent).
Hahaha! I e-signed and still read every single page… ev-er-y single page.
Lmao I’m carrying 💪 safety’s on
Out here giving Rubio Monocoat free advertising.
Great video! Ya'll crack me up!!
OMG -- I am such a boomer!!! 😂
Perfect timing!! Househunting right now! 😂😂
I find the idea of Brad requesting 75F to be the most improbable thing in this video!
I just so enjoy you guys!! This video is just so awesome!!
It worked! I subscribed! 😂
Only legends know this is a repost
At some point was this actually how it was when Jake bought his house? 😂
RW.
I think this is an old video, I had seen it before. Just an old re- upload? No hate, just curious
Stil, just and funny and accurate as the firs time i watched it.
Walks in house “not bad”
I'm a millennial and buying my first flat was - nature around, mom and pops shops, high energy efficiency, and i got the smart function taken off the walls (wasn't alexa but too many radio waves bro).
I have a bottle of champagne for when ANY of my five sons , ANY, buy their first home. Ages 27 to 35. I already told them there is a time limit on how long that bottle will wait. My husband and I have nooooooo problem opening that bottle for just the two of us. Just saying…..
This on had me rolling 😂😂😂😂
Gen Z here. What exactly is the point of buying a house? When you rent, you have to pay rent and utilities, but the maintenance and such is not on you. If you buy, you have utilities and maintenance....and a house payment. For what?
Rumor has it that the Millennial and Boomer are neighbors 😊 and Jake's house buying experience was based on true life events 😅 great one guys 😂😍
Love the Rubio monocoat hat! You a woodworker?
"Slight crack in the bottom interior" what the HECK does that mean?😂😂😂😂😂😂😂
I loved it! You guys are hilarious!
LOL this is pretty funny and like others said pretty dang accurate, I have several younger people working for me and when I listen to them talk and watch how they behave I just sit there scratching my head. Is it cool today to spend like a baller because I keep my mouth shut, I know what they make and just watch them spend like they have executive salaries. Gone are the days of saving, being frugal and spending wisely. Not going to lie I am curious to see how this all plays out for them long term, those of my generation that did are realizing now that they retirement days are going to be very hard unless kids let them move in with them and support them.
Hilarious! 😅😂 love this video, and I’m a boomer! 😅
Love the vid! Curious what you guys did to get the concrete style wall in your living room? I've been looking to do that on one of my walls, but wasn't sure if it was a wallpaper/painting style/etc.
at the 1:49 mark
Why do i feel like I've seen this before, is this a reupload?
Ah yes, millennial here who closes later this month on a house I've never seen in person two states over. And the school district doesn't matter because we homeschool. Here I thought it was a military thing, not millennial. I'll take it though, my new house is cute.
Thats what you think
This made me subscribe
Millenial buying a home...😂
Boomer reading a contract...😂
Just SUBSCRIBE 😂🤣😂 seriously they are the best!!
ABSOLUTELY WITH EITH THE ALEXA N SHIT! DONT DO IT. Ya guys help make my day.
nice video loved the ending
You guys are hilarious 😂😂😂😂😂
More please!
🤣🤣 hilarious!! Love y'all!
Wish I wasn't already subscribed just to react to the end...
I AM SUBSCRIBED!
Love this!!❤
Millennial here but I definitely related much more to the boomer
The millennial character is actually more like a Gen Z 😂😅
This is so accurate.
Hey, unschooling is the same as public schooling! It's a two-fer !
My 35 year old husband is Brad all the way.