re: Millenial homeowners "get real" about their success

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The reason why Baton Rouge is cheap is because it's an economic shithole with few opportunities outside of a few industries.

Most metros with decent job markets cost a frick ton. Using BR as an example is silly.

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First, I was responding to a poster that said you can't find anything worth living in BR for $160K. So I wasn't using it as an example in general.

He was wrong.

Second, if you look back a page you would see that BR sits about the 75th percentile for median home values in the top 100 largest metro areas and that there is only about a $35,000 different between it and the 50th percentile which would stand to reason that there are affordable options all over those cities as well. They include:

Springfield, Mass. 200,000
Tucson, Ariz. 198,000
Jacksonville, Fla. 195,000
Dallas, Texas 195,000
New Haven, Conn. 194,000
Lancaster, Pa. 190,000
Tampa, Fla. 189,000
Omaha, Neb. 180,000
Milwaukee, Wis. 179,000
Houston, Texas 178,000
Greenville, S.C. 170,000
Louisville, Ky. 168,000
Albuquerque, N.M. 167,000
Lakeland, Fla. 165,000
Harrisburg, Pa. 163,000
Knoxville, Tenn. 162,000
Chattanooga, Tenn. 158,000
Augusta, Ga. 155,000
San Antonio, Texas 153,000
Oklahoma City, Okla. 148,000
Winston-Salem, N.C. 144,000
Kansas City, Mo. 143,000
Greensboro, N.C. 140,000
Columbia, S.C. 139,000
Pittsburgh, Pa. 138,000
Rochester, N.Y. 137,000
Cleveland, Ohio 128,000
Indianapolis, Ind. 125,000


So are you telling me that all these cities are "economic shitholes" with few opportunities.



Because this starting to sound a lot like a bullshite narrative based on a handful of outlying huge urban areas that people blindly repeat despite actual evidence to the contrary.

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Dallas, Texas 195,000

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This is a lie.

Maybe South of I-30.

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TBH I've heard a large swath of this area is a shithole. Oklahoma City Yeah idk bout that one hoss. I'm no cowbaw. Not saying OKC sucks. It's just not a top 15 place on my list.

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Pittsburgh has some nice areas and suburbs. My point is simply that most young people could find good jobs in less expensive real estate markets, they just don't want to live there.

That's fine but expect to pay a premium for it.

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I'm not debating that. It's more about people who understand the actual value of a degree and pay accordingly and those that spend atrocious amounts of money to boutique universities for a worthless degree.

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You may not be debating that. But he was saying that the Boomer generation was not saddled with student loan debt like so many late Gen Xers and Millenials.

I actually got paid to go to undergrad at LSU (all hail, TOPS), but after grad school (at a different school... good, not great... certainly not 'boutique') I had roughly $90,000 in student loans. I wouldn't take it back. It was a good decision and has set me up for a nice career. However, it's something that prior generations can't relate to.

Also for the sake of not being obtuse and bloviating random garbage without research here's just one app:



The dots along the DNT are purchasable apartments that are smaller than the one I rent currently.

Blame others, the millenial mantra.

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But he was saying that the Boomer generation was not saddled with student loan debt like so many late Gen Xers and Millenials.

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I get that and we can go into why that is (cheap government loans and the "everybody has to go to college" mentality) but there are still reasonably affordable options to get a good degree everywhere.

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I actually got paid to go to LSU (all hail, TOPS), but after grad school I had roughly $90,000 in student loans.

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Same. And paid it all off in five years. It really wasn't difficult.

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You can definitely find a home in a few of the suburbs for that price too

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In the burbs? Easily. But if you want to live near work, it's difficult. Traffic absolutely sucks so the prices of homes near any big area is atrocious. I'd like to see some of these 160k homes that you can buy in Baton Rouge that aren't completely outdated or in the ghetto.

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But if you want to live near work

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completely outdated

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sigh.

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If you are saying paying 90k off in 5 years isnt difficult like that should be expected, I just dont kno what to say

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I dont know too many graduates who have 18k a year after taxes to push toward a loan + other expenses.