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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 6:11 pm to
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 8/21/17 at 6:11 pm to
If those are in Nashville send me a link because I'll buy it more likely they're 45 minutes away

The median home value in Nashville is $231,400. Nashville home values have gone up 14.3% over the past year and Zillow predicts they will rise 4.1% within the next year. The median price of homes currently listed in Nashville is $339,900. The median rent price in Nashville is $1,700
This post was edited on 8/21/17 at 6:15 pm
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262138 posts
Posted on 8/21/17 at 6:13 pm to
quote:

The median home value in Nashville is $231,400.


Cheap for a city. Sounds like you can get a decent place sub 200k, like the ones I posted.

Have people lost the concept of starter homes?
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35640 posts
Posted on 8/21/17 at 6:50 pm to
quote:

The median home value in Nashville is $231,400


To qualify with 5% down a couple or single person would have to gross $4753 a month with reasonable debt outside of the mortgage payment.

WTF am I missing here? That's $30k a person.
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