They are now seven times the average income in America. Rents have gone up, inflation adjusted from about $900 a month to now about $1500 a month. Inflation adjusted. Inflation adjusted. The age of a first time home buyer in 2008 was 30 years old. It is now 38 years old. First time home buyer. So when we have a picture of a first time home buyer and that's scary, you think of you know, kind of a toddler in one arm, a dog, you're trying to figure it out. (27:46–27:55)
CLAIM
Asserts that the average age of first-time home buyers has increased from 30 to 38 years old.
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