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re: The High Cost of a Home Is Turning American Millennials Into the New Serfs
Posted on 8/23/17 at 11:15 am to GFunk
Posted on 8/23/17 at 11:15 am to GFunk
quote:
Millenials all want to live in high-cost-of-ownership areas and that creates and drives an unreasonable demand in those areas. Meanwhile it is a boon to the upward mobility of people in suburban and rural areas
Studies have shown more millennials are buying in the suburbs than anywhere else.
Posted on 8/23/17 at 11:22 am to Mingo Was His NameO
This will obviously be anecdotal but the map of where workers at my company live easily shows that milennials are in the suburbs. It is actually the Gen X'ers who have taken advantage of the crazy appreciation in the housing market to buy more expensive homes closer in to the city,
Posted on 8/23/17 at 11:25 am to Mingo Was His NameO
quote:
Mingo Was His NameO
quote:
Studies have shown more millennials are buying in the suburbs than anywhere else.
They're buying in the suburbs of major metropolitan areas. The ancillary "bump," that those metro area's corresponding suburbs receive as a result of the untenable home prices within the urban areas isn't what I'm talking about.
Throwing in The Top 25 Best Suburbs of Tampa, FL is incredibly misleading and skews the context of what I'm saying as well as the frame of the debate.
Before we go around and around I think we need to figure out whether you agree with me on that point. If not I'm fairly certain neither of us will mind saving ourselves the time of trying to convince each other of anything else as the discussion is pretty pointless.
This post was edited on 8/23/17 at 11:26 am
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