Patience, young Millenials, patience. Those Libs can’t live forever. Plus, they’re not having children. In a few years, you’ll be able to pick up those properties for pennies on the dollar.
Gee, let me look back a tad. I got out of college in 67...how many homes could I afford. The answer Alex is ZERO. After 3 years in the military and four years working, I was able to buy a small home, under the GI Bill. So then, I am so sorry the real estate industry has run its ship upon the shoals of inflated home prices. Alas, they can become rental agents now.
The California prices should ease once the state switches over to the Peso.
Well, there are plenty of affordable homes in Detroit. And now Baltimore.
So the problem is???
Seriously, unaffordable home prices will soon self correct. As prices go up, so do taxes, and then unemployment rates as jobs leave to more affordable locations.
http://www.estately.com/real-estate/IL/Chicago/South_Side
Most young people shouldn’t buy homes today. The young are required to be too mobile in today’s America, and job security is low.
There’s nothing wrong with renting and it’s no impediment to building wealth.
Rent a place to live and invest in land or income property.
TEXAS still has good prices for homes, and jobs. Liberals need not apply or come here, your locations where like minded folks are around are the previously mentioned.... Chicago, and Detroit, where the elected officials are all DEMOCRATS. You live with your fellow Democrats in places that support more Democrats.
In TEXAS we have GUNS, MEN, and Christians...You don’t want to come here, it isn’t the place for anyone that doesn’t love Jesus and Beer, and Guns, and hot women. Pajama boys go to other places.
If they think things are bad now, wait until this $15/hour minimum wage thing gets legs.
It is 100% certain to lower the cost of automation (McDonalds is already automating the ordering process in its stores, eliminating workers). We know there are machines that can create burgers. Once they and other similar low-skill jobs are replaced by robots, what happens.
Computer programming has been offshore for decades — it is a trade, not a career.
You need to be the one telling the robots what to do and the programmers what to write. That is the only value proposition available.
And millenials, celebrate! I plan on retiring the day after my 62nd birthday (a few years away). How you will replace 35 years of experience across the entire electronic landscape will be interesting.
What a bunch of greedy, snot nosed little pukes, who in the hell gives them the right to even think about Buying a Home, with the Student Debt they racked up thanks to TAXPAYERS like Me bankrolling their education, then when we add the $60 TRILLION in PUBLIC DEBT and UNFUNDED LIABILITIES, shouldn’t they be more worried about PAYING FOR OUR WANTS instead of Themselves?? Greedy, Selfish Punks./s
Then how is it every house flipping show my wife watches the 28 year old millennials are buying houses in California and the NE for $650,000+ every show?
For some reason, today I’m even more irritated than usual by the phrase “buy a home.” You don’t buy a home. You buy or rent a house or an apartment or a trailer ... and then you MAKE a home in it.
Who would want to live in those socialist run hell holes anyway? Home affordability is about four significant issues. Mortgage rates, (not bad today) house prices, (fairly high) insurance, (high in those democrat run cities shown) and TAXES, (I’ll let those speak for themselves.) Bottom line: Move to flyover country, get a job, save some money, and relax.
I cannot afford a place in Monaco, the French Riviera, Switzerland, etc. And I'm not even a millennial. It's so unfair!
Despite working full time since leaving college at 21, I still couldn't afford my own home until I was 30, and that was a very modest one way out in the burbs where I had a 90 minute commute.
They failed to list my neighborhood. Can’t tell you how many friends and family have wanted to move here and ran away screaming when they found out the prices.
My grown children are both in that age group and own houses in the DC area.
Boy, am I lucky.
I wouldn’t want to live in any of those sheet holes anyway!
And neither do my well-adjusted and successful offspring.