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re: Millenial homeowners "get real" about their success

Posted on 6/5/19 at 11:43 am to
Posted by phutureisyic
New Orleans
Member since Aug 2016
3507 posts
Posted on 6/5/19 at 11:43 am to
Posted by GreatLakesTiger24
Member since May 2012
58867 posts
Posted on 6/5/19 at 11:43 am to
About 1/3 of the us population lives in them

80% live in a metro area
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 6/5/19 at 11:48 am to
quote:

quote:
Why limit the analysis to the Top Ten most populated cities?


quote:

Mostly because thats where the white collar jobs are



It takes effort, but you can find stable and professional white collar employment outside of these major expensive cities.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53032 posts
Posted on 6/5/19 at 11:53 am to
quote:

It takes effort, but you can find stable and professional white collar employment outside of these major expensive cities.

There are tons of white collar jobs outside of the top 10 metros. Many with fairly affordable housing


Posted by Antonio Moss
The South
Member since Mar 2006
49047 posts
Posted on 6/5/19 at 11:57 am to
quote:

Mostly because thats where the white collar jobs are, which is where the millenials will go.


That's statistically not true.



quote:

Also because I dont have much experience to add about living out in BFE


Of the largest 100 cities in the U.S., 54 have median homes prices at or below $200,000:


Springfield, Mass. 200,000
Tucson, Ariz. 198,000
Jacksonville, Fla. 195,000
Dallas, Texas 195,000
New Haven, Conn. 194,000
Deltona, Fla. 191,000
Lancaster, Pa. 190,000
Tampa, Fla. 189,000
Palm Bay, Fla. 185,000
New Orleans, La. 184,000
Grand Rapids, Mich. 182,000
Albany, N.Y. 182,000
Omaha, Neb. 180,000
Fayetteville, Ark. 180,000
Columbus, Ohio 180,000
Milwaukee, Wis. 179,000
Houston, Texas 178,000
Allentown, Pa. 175,000
Des Moines, Iowa 173,000
Greenville, S.C. 170,000
Louisville, Ky. 168,000
Baton Rouge, La. 168,000
Albuquerque, N.M. 167,000
Lakeland, Fla. 165,000
Harrisburg, Pa. 163,000
Knoxville, Tenn. 162,000
Cincinnati, Ohio 158,000
Chattanooga, Tenn. 158,000
St. Louis, Mo. 157,000
Detroit, Mich. 157,000
Augusta, Ga. 155,000
San Antonio, Texas 153,000
Birmingham, Ala. 153,000
Oklahoma City, Okla. 148,000
Tulsa, Okla. 146,000
Little Rock, Ark. 145,000
Winston-Salem, N.C. 144,000
Kansas City, Mo. 143,000
Memphis, Tenn. 142,000
Buffalo, N.Y. 141,000
Greensboro, N.C. 140,000
Columbia, S.C. 139,000 8.7
Pittsburgh, Pa. 138,000 5.9
Rochester, N.Y. 137,000 6.8
Akron, Ohio $135,000
Cleveland, Ohio 128,000
Indianapolis, Ind. 125,000
El Paso, Texas 124,000
Dayton, Ohio 120,000
Syracuse, N.Y. 112,000
Toledo, Ohio 109,000
Scranton-Wilkes-Barre, Pa. 100,000
Youngstown, Ohio 77,000


Only 9 have median house prices above $400,000:

San Jose, Calif. 1,100,000
San Francisco, Calif. 860,000
Los Angeles, Calif. 634,000
Honolulu, Hi. 600,000
Oxnard, Calif. 589,000
San Diego, Calif. 545,000
Seattle, Wash. 430,000
New York, N.Y.-N.J. 410,000
Boston, Mass. 410,000

And five of the nine are in California.

That's called skewing the results.
Posted by Antonio Moss
The South
Member since Mar 2006
49047 posts
Posted on 6/5/19 at 12:06 pm to
quote:

About 1/3 of the us population lives in them


Not even close.

According to the 2010 Census, just under 26 million people (25,998,485) lived in the top ten largest U.S. cities. Total population is 327 million.

So about 8% of the total U.S. population lives in those ten cities.
Posted by GreatLakesTiger24
Member since May 2012
58867 posts
Posted on 6/5/19 at 12:07 pm to
I meant metro areas. 20 mil live in nyc alone.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
294782 posts
Posted on 6/5/19 at 12:08 pm to
quote:


It takes effort, but you can find stable and professional white collar employment outside of these major expensive cities.


The overwhelming majority of housing in this country is affordable to the average person. There's really only a handful of cities where it's out of control.
Posted by NYNolaguy1
Member since May 2011
21692 posts
Posted on 6/5/19 at 12:08 pm to
Not to get to far into the 3 evils of "lies, damn lies, and statistics", but I am pretty sure your list is a little off. For example I have a hard time believing that median home prices for New Haven, CT (home to Yale) and BR are less than $200k.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
294782 posts
Posted on 6/5/19 at 12:08 pm to
quote:

About 1/3 of the us population lives in them


Maybe 10-15% max.
Posted by civiltiger07
Baton Rouge
Member since Dec 2011
15002 posts
Posted on 6/5/19 at 12:11 pm to
quote:

For example I have a hard time believing that median home prices for BR are less than $200k.


Google isn't a hard thing to use.

Zillow


quote:

The median home value in Baton Rouge is $164,300.
Posted by civiltiger07
Baton Rouge
Member since Dec 2011
15002 posts
Posted on 6/5/19 at 12:12 pm to
Posted by MusclesofBrussels
Member since Dec 2015
4934 posts
Posted on 6/5/19 at 12:12 pm to
quote:

Not to get to far into the 3 evils of "lies, damn lies, and statistics", but I am pretty sure your list is a little off. For example I have a hard time believing that median home prices for New Haven, CT (home to Yale) and BR are less than $200k.


Seattle amount seems very low. A quick google search has Seattle median home price at over 700K. That can't even be metro area because King County is over 600K
Posted by MrJimBeam
Member since Apr 2009
12955 posts
Posted on 6/5/19 at 12:13 pm to
While 164k may be the median price, there aren't many places in Baton Rouge you can find that aren't a shithole or in the ghetto for that price. Or a 2/1 950 home built in 1962.

200k is around the mark where you can start finding something semi decent...and even that is questionable.
This post was edited on 6/5/19 at 12:14 pm
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40162 posts
Posted on 6/5/19 at 12:13 pm to
Going by metro area it's about 26% of the population lives in the 10 largest cities
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
294782 posts
Posted on 6/5/19 at 12:14 pm to
quote:

Going by metro area


We are talking about in the city. Burbs are usually less expensive.

Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 6/5/19 at 12:14 pm to
quote:

Google isn't a hard thing to use


That is the whole point of this thread. Millenials are lazy.
Posted by pizzatiger
Member since Apr 2019
274 posts
Posted on 6/5/19 at 12:17 pm to
quote:

That is the whole point of this thread. Millenials are lazy.



Anyone can look up a stat on google. You'd never live in a fricking $164k home in BR and you know it. It will be in the hood or it will require $100k in renovation.

It it were as simple as that, everyone making $50k could own a house in BR
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
294782 posts
Posted on 6/5/19 at 12:19 pm to
quote:

Seattle amount seems very low. A quick google search has Seattle median home price at over 700K.


that's about right. There are more affordable areas of Seattle, but they come with more crime too. Rainier Beach, South Seattle.
Posted by NYNolaguy1
Member since May 2011
21692 posts
Posted on 6/5/19 at 12:23 pm to
quote:

Maybe 10-15% max.


The NYC metro area has like 25 million alone. Thats almost 10% of the population.
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