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

Millenials can easily live in the suburbs, nobody is forcing them to live in city centers. In Houston a 5000 sq ft lot in west university is $600k for the land, that same lot 25 miles north in humble is like $50-100k. Nobody is forcing them to live inside the city. Ideally, yes its nicer, but there is still a ton of affordable housing. I own alot of rental homes in 77060 which is basically greenspoint mall area, its awful, but there are 1500-2000 sq ft townhomes for $60-80k and thats 15-20 minutes from downtown.