re: The High Cost of a Home Is Turning American Millennials Into the New Serfs

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I've seen picture of the house my parents had until I was 5. It was a tiny 1 story shithole starter home way out in the suburbs.

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Neighborhood demographics have changed substantially. Programs like HUD means that many starter home areas are now full of crime. The market also makes a huge difference.

I had a great starter home in NE Texas for <$130k. When I moved back to BR a couple of years ago, my realtor laughed at me when I wanted to look at houses in that price range. He said that he wouldn't feel comfortable selling me a home in those areas. Comparable neighborhoods to what I had before started at $200k.