Why aren't millennials buying houses anymore?
Why aren't millennials buying houses anymore?
Jaxson Jenkins
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Isaiah Bell
Because boomers and the federal reserve.
Jace Garcia
why is communist OP making this thread every day
Leo Sanders
Enough with these dumb posts everyday. Everyone already know why
Zachary Allen
>buying boomer bags
lmao
Nathaniel Jackson
Camden Gray
What does this mean? Are boomers finally relenting?
Logan Wright
My guess is that people got frantic. One thing crypto taught me is what a buying frenzy looks like, and how to not get caught up in it. Houses looked like good investments, so they bought based on some imaginary future value. Don't forget, mortgage rates 2 years ago were nearly at all time lows.
Now that property taxes are going up significantly (thanks Seattle city council), mortgage rates are up, and renters are harder to find, people are starting to feel the pain. Some people might want to exit now before the real exodus this summer.
Just check Redfin for apartments in Seattle proper. It's amazing how affordable it is for a "major" West Coast city.
Hunter Long
Millennial are more educated than other generations so they have to live in coastal cities to get a job more often than not. Housing in these places is such an expense that they're left renting. It's a pretty bad situation and I don't see it getting much better. More jobs are going to be clustered in places like NYC and San Francisco. It's a pretty bad situation. There are places that you can have a much better quality of life.
Ethan Cruz
>~$2 million for a small cuck shack