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birb_cromble  4d ago (text post)   971 thread views

Qeekly Finance Thread - 2026-11-07

A weekly thread to discuss financial matters - from personal all the way up to global.

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The average home buyer if 58 years old.

Again, I would like to see this broken down. Anecdotally, I am in my 50s and I just bought a vacation house in a beach resort area. Which brings up the average age but I'm not really competing with the sort of people who need to borrow money to buy a house.

High interest rates help the old at the expense of the young.

If you mean mortgage interest rates and you are strictly looking at buyers, then I agree, although I am not sure as to the size of the effect. With interest rates as set by the central bank, it's not as clear. And of course a lot of sellers are older people. For them, higher mortgage interest rates are arguably bad.

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