- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Why are homeownership rates precipitously declining?
Posted on 8/30/16 at 3:29 pm to SlowFlowPro
Posted on 8/30/16 at 3:29 pm to SlowFlowPro
Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.
Also renting means you don't need to know how to fix things around the house/apartment
Also renting means you don't need to know how to fix things around the house/apartment
8
Posted on 8/30/16 at 3:32 pm to Tigeralum2008
quote:Probably a very accurate assessment.
Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.
Also renting means you don't need to know how to fix things around the house/apartment
Posted on 8/30/16 at 3:32 pm to Tigeralum2008
quote:
Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.
i am of this mindset
my really low rent is also a nice factor
Posted on 8/30/16 at 3:34 pm to Tigeralum2008
quote:
Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.
Not even close to millenial but I don't own anymore because I like the ability to be mobile if it's needed, I no longer want to do yard work and don't want to do R&M on a house.
Posted on 8/30/16 at 3:38 pm to Tigeralum2008
quote:
Also renting means you don't need to know how to fix things around the house/apartment
the pussification of american continues.
Posted on 8/30/16 at 6:45 pm to Tigeralum2008
quote:
Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.
Also renting means you don't need to know how to fix things around the house/apartment
Have you seen how much housing costs at the biggest housing markets across the country?
It's impressive how much the average "starter" home goes for these days. Millenials and most middle class can't afford it.
Posted on 8/31/16 at 9:21 am to Tigeralum2008
quote:
Also renting means you don't need to know how to fix things around the house/apartment
Yes! Because every Landlord is "johnny on the spot" immediately whenever anything breaks or slows down in your rental flat.
Posted on 8/31/16 at 9:53 am to Tigeralum2008
quote:
Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.
Also renting means you don't need to know how to fix things around the house/apartment
Yeah, I'd say this is the primary reason. It's why I live in an apartment right now and am not a home owner.
Posted on 8/31/16 at 10:02 am to Tigeralum2008
quote:
Most millenials view home ownership as them being anchored to a city. In this economy it helps being able to move around free from worrying about selling your house.
Also renting means you don't need to know how to fix things around the house/apartment
Interesting point. There's definitely truth to that.
But housing prices in many cities is absurd. The average home price in Denver is $350k. In Boulder, it's $525k.
People in their thirties and younger want to live in fun cities with a good nightlife, not the suburbs. That's one thing that'll keep in from permanently settling in Colorado.
I was going to buy a house in Nola. But as soon as a house was put on the market, it was under contract within hours. Companies were buying houses with the intent of making them air bnb properties. And I'm not just talking about Bywater. It was all over the city.
Unless salaries catch up with housing prices, the home ownership rates will continue to decline.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News