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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 1:23 pm to GFunk
Posted on 8/23/17 at 1:23 pm to GFunk
I mean your assumptions there are a bit suspect. There are certainly CoL benefits to being in the rural area. On the whole more income, even with a high CoL is better since you can manipulate expenses downward much easier than you can manipulate salary upwards.
1
Posted on 8/23/17 at 1:58 pm to CorporateTiger
Millennial Americans Are Moving to the 'Burbs, Buying Big SUVs
quote:
Americans aged about 18 to 34 have become the largest group of homebuyers, and almost half live in the suburbs, according to Zillow Group data. As they shop for bigger homes to accommodate growing families, they’re upsizing their vehicles to match. U.S. industry sales of large SUVs have jumped 11 percent in the first half of the year, Ford Motor Co. estimates, compared with increases of 9 percent for midsize and 4 percent for small SUVs.
quote:
The shift to suburbia may surprise those who’ve chided millennials for being more interested in pricey avocado toast than in saving for a home. Much of the generation delayed marriage, childbearing and home ownership after graduating with heaping student-loan debt and entering a weak job market. As more millennials overcome this, many want the life of their baby-boomer parents -- the kids, the house in the ’burbs and the beefy SUV.
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