Gen Xers Still Depressing, Failing to Measure Up

Seattle Bubble directed us to this Bloomberg article the Seattle Times picked up suggesting there might be a "lost generation" of U.S. home values. Baby boomers are downsizing and it's "unlikely that Generation X, born between 1965 and 1976 (or more derisively called 'baby busters'), will bid up home prices. They are only 44 million strong, not as wealthy and even more in debt from college loans." On the bright side, there's probably never been an easier time to buy an apartment near Green Lake.

Contact the author of this article or email tips@seattlest.com with further questions, comments or tips.

By MvB in News on May 18, 2009 2:35 PM

Comments [rss]

jessejb

My downtown apartment building locked off its rooftop. But then again its 10 stories up and the railing was only 20 inches high.

Troy Morris

Yes, and to be fair, I've lived in many places with no railing that had to have the rooftop closed because people were jerks. However, I always lived on the top floor so sometimes I got a key if I promised to only stand above my apartment.

litlnemo

Generations are not 11 years long.

Troy Morris

Sorry, but there is no clear definitive time for generation spans. They are usually between (yes) 11 and 24 years.

There is bleeding on both ends of the spectrum, just like the 80's really started around '83 and '84 and ended sometime between Saved by the Bell going off the air and Shannen Doherty leaving 90210

Troy Morris

Nobody will rent a studio for 1100 that far out of town. Rooftop patio or not. (Come the fuck on, which apartment downtown doesn't have a rooftop patio?!)

If they want to sell the apartments or rent them, try not fucking the buyer up the ass. Supply > Demand.

That's why I'm buying a 100k condo. No, I won't tell you where, but it is in the 2nd most dense neighborhood in the city.