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re: Why are homeownership rates precipitously declining?
Posted on 8/31/16 at 11:01 am to Dire Wolf
Posted on 8/31/16 at 11:01 am to Dire Wolf
quote:
Plus the places young people want to live don't match their salaries
I know here, what used to be decent middle class neighborhoods, are now full of houses that were bought up en masse after the bubble burst by out of city/state slum landlords and are now a bunch of Section 8/cheap arse rentals. And nobody wants to move into that shite.
This post was edited on 8/31/16 at 11:02 am
Posted on 8/31/16 at 11:12 am to BluegrassBelle
I love the people talking about buying starter houses when most of the old starter house neighborhoods are now filled with Sec. 8 properties that make owning in that area a big risk. Crime rates are very low right now in total (compared to the '80s and '90s), but there seem to be fewer and fewer starter house neighborhoods that aren't out in the suburbs. Those cheap house suburbs tend to drop off hard once they get a few years old too, which makes buying there a big risk.
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