[quote=bearishgurl][quote=flyer]…As far as comparing what people today are paying for their homes, vs. those who purchased homes here 40+ years ago–IMO, that’s a very difficult comparison to make–because no one chooses when they were born, and, consequently, younger people would never have been able to make those choices…[/quote]

Ahh, flyer, I beg to differ. Gen X/Y CAN choose!

They can choose to buy the property in my ChulaV link (or a similar one in SD Co) for ~$350K instead of a comparable one (on half the lot size, lol) for $700K+ in CarmelV, and (eventually) put the difference towards retirement.

You must remember that it was *unheard of* for a “boomer” to make even $70K++ annually for a “non-supervisorial” (tech) position, as Gen X/Y does today, as these positions did not exist when boomers were in their “working prime.”[/quote]

BG, I always enjoy reading your posts, and respect your wealth of knowledge, but I didn’t mean anyone of any age group was restricted from buying any property they may choose.

What I meant was, because of when they came into the market, by virtue of their age, most younger buyers did/do not have the option of buying properties like my MIL’s home for $70K many years ago, which is now valued at $2M+–and that’s just one of the many properties in this category in the family.

I was just pointing out how much things have changed with regard to real estate values in San Diego over the years.

I also realize what you are saying about “average” BB earnings, but there are also many BB’s, including myself, (not bragging, just stating facts) who have earned a great deal more than the “average” BB you mentioned, so, as all things in life, there are always exceptions to the rules.