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re: The High Cost of a Home Is Turning American Millennials Into the New Serfs
Posted on 8/21/17 at 6:10 pm to Breesus
Posted on 8/21/17 at 6:10 pm to Breesus
quote:
I've seen picture of the house my parents had until I was 5. It was a tiny 1 story shithole starter home way out in the suburbs.
Neighborhood demographics have changed substantially. Programs like HUD means that many starter home areas are now full of crime. The market also makes a huge difference.
I had a great starter home in NE Texas for <$130k. When I moved back to BR a couple of years ago, my realtor laughed at me when I wanted to look at houses in that price range. He said that he wouldn't feel comfortable selling me a home in those areas. Comparable neighborhoods to what I had before started at $200k.
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