Boomers, Millennials, Gen Z: Who Faced Toughest Home Buying Hurdles? - A Data-Driven Exploration
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- Опубликовано: 8 сен 2024
- Welcome to my deep dive into the evolving landscape of home buying! In this video, I take a unique, data-driven approach to explore one of today's most pressing questions: Is it harder to buy a home now compared to previous years (1967-2022)? Join me as I dissect trends in rising home prices and stagnant wage growth, topics that have been widely discussed on social media and beyond.
My journey begins in 1967 and travels through decades of housing market shifts, economic changes, and social transformations. Focusing on objective data analysis, I aim to provide a clear, comprehensive view of how the ease of purchasing a home has evolved over time. Whether you're a first-time homebuyer, a real estate enthusiast, or just curious about the changing dynamics of the housing market, this video offers valuable insights and thought-provoking perspectives.
Stay tuned as I navigate through historical data, current trends, and expert analyses to answer the critical question: Has buying a home become more challenging over the years? Don't forget to like, share, and subscribe for more content that combines the rigor of data science with the realities of everyday life.
📚 Additional Resources:
Data & Materials Used In Video:
drive.google.c...
Historical Income Tables:
www.census.gov...
Historical Home Price Data:
fred.stlouisfe...
Historical Interest Rate Data:
data.bls.gov/t...
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Ignore the haters, good solid analysis and kudos for providing the source data. Good foundations as you grow this 👍 keep it up
Hi there. I really appreciate the positive feedback. I am still new to creating content in this area so these comments are incredibly helpful to me as I try to figure out what is important to viewers. Thank you again for taking the time out of your day to comment.
I like how the one person who actually researches their arguments is met with “tldr” comments lol. Goes to show not everyone truly wants the truth. Keep it up.
Hi there. Thank you so much for the kind words and the feedback!
Would love to see a shorter vid with keypoints and explanation why graphs you’re showing are good indicators for your thesis.
Hi there! Thanks for the feedback. I will try to make a video on this soon.
Love the video man! The FED controls us all
Thanks so much for the kind words! The FED does indeed control all it seems.
That's all well and good and US centric, here in Australia, the median home price is 1.3M in my city. I'm a Doctor and all I can afford to buy (which I did) is an apartment. Tell me how it makes sense that boomer cleaners and unskilled workers are living in houses much more expensive than I as a millenial Doctor can afford? My income is also in the 1% of income earners in Australia yet I stil can't afford a reasonable home here.
Hi there! Thanks so much for the comment. I cannot speak on Australia as I have not done any analysis there. This is a very interesting phenomenon. It would be interesting to take a look a the data here to understand why that might be. If I get a chance, in the future I will try to find that data and do an analysis. Which city specifically are you talking about?
@@TheDataDaddi it would be interesting to see. I live in Sydney. For context the small apartment 2 bedroom I bought was 1.1million.
Got it. Thanks for that context. I will see if I can find some reliable data. It would be interesting to do that for many major cities across the world of different sizes to see how things compare across not only by country but also city size as well. Appreciate the idea and also the real data from your own life. I think that also really helps to put things into perspective. @@KenzoTenmaM
I’m lazy, I would have just let power query calculate the statistics. There’s a button for median. Lol
Hi there. Thanks for your feedback. Ah yeah you are right. I did not even think about that. Thanks for the tip!
Just wanted to say quickly that you are doing awesome with your videos, keep it up, I have been loving the content and will be coming back for more!
➕➕👍
Hi there! I really appreciate the kind words. It really means a lot that you and others are enjoying and taking something from my videos. Thank you so much for the support!
great analysis
Hi there! Thank you so much for the kind words and feedback. It is very much appreciated.
youre a cool dude. keep being humble
Thanks for the kind words. I really appreciate it!
Hey DD. I'd like to get in touch via email if possible. I have some ideas I'd like to bounce off you about ai, the future and your use cases. Love your attention to detail and bang for buck focus. Ill be back here once an initial message is sent.
Hey there. Thanks for much for the kind words!
Absolutely. You can find my contact info in my channel's about section.
If you have trouble finding it lmk, and I will post it here.
@@TheDataDaddimessage sent!
Glad to see that once again Gen X is ignored.
Hi there. Thank you for the feedback! I certainly did not mean to make it looks as though Gen X was ignored. I simply did not have enough space on in the title or on the thumbnail design to include all the generational names. These 3 seemed to be the main focus of other similar analyses so I included those for easy recognition. However, in the video, I cover 1967 onward which would cover the applicable period for the Gen Xers. In the future, I will make sure to be more explicit about all applicable generational groups. Thank you again for pointing that out. I really to appreciate any and all feedback!
When you say median income is it individual income or household income?
Hi there. Thanks for the question! I just double checked, and it is household income.
@@TheDataDaddi that is interesting. If you do it by individual do we see a starkly different picture? I am a little curious if it is true that having two incomes is much more common today than back then, do we generally need to have two incomes to get a house today whereas with the generation previous we only needed one?
That is a great point! I will go back and check to see if that data is available, and if it is I will go back, add it in, and let you know the results. My initial guess though is you intuition is likely correct. Thanks again for your comment and the insight!@@jfhucka1
Too long and too much useless timewasters inbetween useful info
I appreciate you taking the time to watch the video and leave some feedback! If could specifically let me know what parts you felt wasted your time, it would be really useful going forward so I can try to make sure I do not include those type of things.
Tldr? Jeez what a crappy presentation and video
Again, I appreciate you taking the time to watch the video and leave some feedback! I am truly sorry you felt that way. If could specifically let me know what you felt made the video crappy, I would greatly appreciate it, and I will do my best to fix it in the future.