re: Why are homeownership rates precipitously declining?

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In Austin. The public schools in the central part of the city are excellent and there's no crime.

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Big selling point to move from NO to here.

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But, define "large enough house". For most of the 20th century 1,600 SF 3/2 was plenty to raise a family in.

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This was the size of our house in NO. It was Uptown but off the beaten path, so we were able to buy it for 325k. I think we came out about even selling it since we had to bail to move here after only 2 years. But that is a lot of money to have before the age of 30, if you aren't putting 5% down of course.

We have an agreement in place on a house in NW Hills. It doesn't seem quite like the "suburbs" and I'm hoping the fact that the uniqueness of that area with the views make up for the proximity when it comes to values. They can't build every where up there due to the topography.