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How good the boomers had it

nfinf.substack.com

Inspired by some of the conversations we had here about the experiences of previous generations (especially with /u/the_nybbler, and yes, I know you're not a boomer), I wrote up a post that challenges a common narrative of how good the boomers had, and how screwed the millennials are. Main point is that the houses were not that much cheaper relative to now, and the interests rates were murderous. Enjoy!

(I'm a regular poster here, but I wanted to separate the identities for opsec purposes).

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If there was ever a place which would have a distorted average house price, it’d be California.

As MAM says, Texas’s tax regime makes things a little weird. We don’t do state income tax, but property taxes are higher.

Sprawl is also easier here due to flat terrain. An hour on I-35 will get you further out than that hour on the 405. We have a lower risk of natural disasters. So there are other factors which make building easier.