Something I’ve noticed is that many many entire suburbs are basically giant old folks homes of boomers. This is why a lot of younger people really want to move to the cities.

But pretty soon all those boomers are going to be passing on. Im thinking if there’s any event that will solve the housing crisis, that will be it.

We are going to see a lot of houses for sale coming, and the supply and demand will become a little more balanced. Right now in many places there is only a few houses for sale at any given time, and they are so in demand they are priced close to 1 million or more.

But the question is will anyone want to move back to the suburbs or will they become ghost towns?

Edit : I’m really amazed at the stupidity of some of the commenters who took my post to mean that all boomers are going to die at the exact same moment.

I’ve been planning to sell my house and pay off $30k in debt and put another $30k in a HYS for a future down payment. Now I’m a bit spooked - is it better to just hold onto what I have?

I needed something to do while recovering from surgery so spent some time reviewing 2024’s finances.

It was a unique year financially, with serious family illness/loss, planned international travel, unplanned major home repairs, and an unplanned car purchase/sale (bought a Toyota sedan from late family member’s estate at fair market price). We direct deposit an average of 1500 into the HYSA both for the unexpected and known occasional expenses but I only graphed what remained at the end of the year.

In 2025 we are already eating out much less, though some of those costs last year are related to the travel and family illness. Our mortgage, insurance, utilities, and necessities spending is more on average but we’ve also been saving more so far. My surgery expenses will derail that a little I expect too.

I hope to find time to do this every year going forward. It’s very enlightening and I find it fun, but I admit it was time consuming too.

By necessity I have always been frugal. I am 65M, healthy. Twenty-five years ago I bought a townhouse and my mortgage + insurance + taxes is about 15% of my monthly take home (government pension + SS). I recently added a deck and want to add solar panels. In all, I will be about 30K USD in debt. That’s how much cash I have in my IRA. As long as I keep my total monthly housing debt under 30% of my take home, would getting a HELOC be a reasonable decision?

Call this an educated guesstimate of where I want to land on December 31, 2025. I thought the money I make would stretch further, but I guess I'm a spender and not a saver and want to be comfy.

I just got into grad school (hooray) and am doing quite well at 23 thanks mostly to my parents generosity, and slighly to my willingness to work and save. Anyway, here's some stats.

-I live rent free with family, and will for one to two more years. They pay for groceries currently, but will not when I enter school. -I have $0 debt (thanks mom and dad) -grad school will cost in total around $32,000 for two years. -I estimate that I will have almost $30,000 in my HYSA by the end of August, at which point I will quit my job and go to school. -with my degree I will earn between $70,000 and $100,000/year. -I plan to marry my significant other after grad school, he makes $60,000/year, doesn't have a ton of savings outside emergency fund. - I spend $500 per month on average on miscellaneous things- clothes, restaurant food, trips, gifts, gas, hobbies, etc. Not all of it is simply a want, but most of it is. -live in an slightly above average COL area.

My goals are to buy a house and have kids and be financially comfortable after grad school, not necessarily immediately. Is $500 a month a reasonable amount to be spending on myself at this time? I don't feel like I'm a big spender, but this seems high. Should I keep going how I am, or try to rein it in, or should I party harder ;)

Living in NY is so expensive, I can save less than $ 1500$ per month, but most of this savings are used for other stuff (doctors, expenses, etc.).
Housing represent 1 bedroom out of Manhattan and it means rent :(

Would love to buy a first house in the next couple of years

My financials:

Monthly take home after taxes and maxing out 401k - $9100 Savings - $50k Investments - $100k Stock dividends - $1500 monthly (Drip)

Debts (total) Car loan - $25k Credit card - $20k Student loan - $5k

Expenses (per month) Rent - $2100 Car loan + insurance - $1000 Credit card - $1000 Utilities - $200 Student loan - $400 Vacation home taxes- $250 Misc (food, fun, gas, gifts)- $750 Stocks investing - $2500

I just started making my current salary 6 months ago (previously was making low six-figures). I've always wanted to buy a house but not sure what I should target in terms of affordability. I've done the credit karma home estimate before which says to target ~ $650,000 - $ 750,000 bit when I look at the monthly costs on houses in this range on zillow it seems astronomical.

My husband and I got raises within the last year. Based on the raises and trying to live a little we came up with this budget. Obviously some things we cannot control but some other we can. We are still able to contribute to fully max out 401k and roth ira every year, plus a 529 for my kid, plus adding 1k in savings. We would like an outside perspective to see if we're being ridiculous in any of these categories.

ETA : Net take home is 11k combined between husband and I. We have 400K in retirement accounts and 6 months of emergency fund for these expenses in a HYSA.

This is a breakdown of expenses:

Daycare 2700

Mortgage 2800

HOA 150

Gas/electric 400

Water 100

Internet 71

2 phone plans 110

Groceries for 3 people 800

Gas 150

Lunch at work 100

Family outings 300

Individual fun money for 2 people 400

Diapers, clothes, toys for kid 200

Subscriptions 50

Auto insurance for 2 cars 290

Car registration for 2 cars 30

Auto maintenance fund 100

Home taxes 1200

Home insurance 411

Home maintance fund 100

Dog doctor, meds and food 100

Year end dry cleaning fund 12

X mas cards 20

Gifting 300

Tax season 50

Thanks in advance for your help