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re: The High Cost of a Home Is Turning American Millennials Into the New Serfs
Posted on 8/21/17 at 5:57 pm to GreatLakesTiger24
Posted on 8/21/17 at 5:57 pm to GreatLakesTiger24
I believe this is entirely based on where one lives. The cost of living in the South is stupid cheap, so it's pure laziness and living outside of means.
But the average price of homes currently listed in the Flathead Valley, where I live, is right at $375,000. In Whitefish, where I live to be exact, it creeps up to $492,500.
And these prices are based on a $201/square foot average.
It's impossible to find anything not falling apart under $150k, which is a typical price point for a first time buyer. But not here....
But the average price of homes currently listed in the Flathead Valley, where I live, is right at $375,000. In Whitefish, where I live to be exact, it creeps up to $492,500.
And these prices are based on a $201/square foot average.
It's impossible to find anything not falling apart under $150k, which is a typical price point for a first time buyer. But not here....
This post was edited on 8/21/17 at 6:02 pm
2
Posted on 8/21/17 at 6:07 pm to PNW
65-80 per sq ft in the decent parts of Gwinnett in ATL but millennials want to have their cake and eat it too. No rooftop parties or crazy boxcar adventures to be had in the suburbs.
They aren't priced out of home ownership. They are just priced out of the cool hip areas.
They feel entitled to live in a renovated historic craftsman style house minutes from the downtown business district.
They aren't priced out of home ownership. They are just priced out of the cool hip areas.
They feel entitled to live in a renovated historic craftsman style house minutes from the downtown business district.
This post was edited on 8/21/17 at 6:09 pm
Posted on 8/21/17 at 6:14 pm to PNW
quote:
150k, which is a typical price point for a first time buyer.
I don't know now a single person who spent 150k on their first home, unless you are talking about people who live in a trailer (which is going to be less than 150k)
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