Quote:
Originally Posted by LoneWolf
Younger generations can afford to buy homes, but for the most part they are unwilling to sacrifice to go it. They would never stoop so low as to not live in the same type of house their parents live in or they can’t fathom buying a fixer upper and putting sweat equity into it. They’d rather rent so they don’t have the responsibility to take care of anything and then bitch that the system is ****ing them over.
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I was shopping for rentals in AZ a couple years ago and there were
gutted houses on the market for $250k.
I know easy solution is "well, don't live in AZ", but often not that simple for people with extended family, kids, etc.
The ~90k seventy year old starter house I bought in KC 10 years ago is now estimated at $175k, which is kind of nuts for first time buyers on a house that old and not in an amazing neighborhood.