Current Events > Millennials Love Zillow Because They'll Never Own a Home

(+) Yeah! (+)

https://onezero.medium.com/millennials-love-zillow-because-theyll-never-own-a-home-bc50fa27ac4f

what? a milliennial can own a home if they move away from an expensive city

XXmiznatorXX posted...

https://onezero.medium.com/millennials-love-zillow-because-theyll-never-own-a-home-bc50fa27ac4f

what? a milliennial can own a home if they move away from an expensive city

Not necessarily.

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XXmiznatorXX posted...

what? a milliennial can own a home if they move away from an expensive city

I think most are going with complain until the government hands them money route.

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Owning a home in a rural area isn't worthwhile. And most millennials can't afford suburban homes.

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DarkChozoGhost posted...

Owning a home in a rural area isn't worthwhile. And most millennials can't afford suburban homes.

he's talking about moving to an urban area in a less expensive place

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@REMercsChamp

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DarkChozoGhost posted...

Owning a home in a rural area isn't worthwhile.

Yeah, who wants more property, less company, a ton of space between you and your neighbors?

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vigorm0rtis posted...

Yeah, who wants more property, less company, a ton of space between you and your neighbors?

not so many people, which is why its cheap and no one is around lol

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vigorm0rtis posted...

Yeah, who wants more property, less company, a ton of space between you and your neighbors?

There is a lot of upkeep and maintenance to keep a home and property up to snuff. I rent a condo and I do not ever have to shovel snow, mow the lawn, etc.

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Jeff AKA Snoopy posted...

There is a lot of upkeep and maintenance to keep a home and property up to snuff. I rent a condo and I do not ever have to shovel snow, mow the lawn, etc.

This is what children are for. They do a of that

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"You can buy this shitty shack in the middle of nowhere, silly millennial!"

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Owning a home is overrated. I used to have an apartment and i had tons of extra cash to go out, buy video games, etc. I bought a townhouse last year and i'm broke as hell. Constantly spending money to fix shit, tons of utility bills, etc. I should have stayed in my apartment. Much easier and much cheaper. Fuck home ownership

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Jeff AKA Snoopy posted...

There is a lot of upkeep and maintenance to keep a home and property up to snuff. I rent a condo and I do not ever have to shovel snow, mow the lawn, etc.

If you don't let things slide, it's not a big deal. I've had this place for 15 years, I'm a gimp and I can stay on top of it without much of a problem.

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vigorm0rtis posted...

Yeah, who wants more property, less company, a ton of space between you and your neighbors?

It's great if you can find a good job that lets you pay for all of that.

Unfortunately the good paying jobs tend to be in urban areas. If the land is cheap, chances are good that your only job options will be low paying part time jobs with no benefits, and you'll need to work two or three of them just to scrape by.

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this is 100% true

i know millennials that do this
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Home prices and rents are going up in rural areas too because of old people and LLCs buying out there. Small houses in rural Northwest Wisconsin are being bought up and rented out for $1,000+.

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action52 posted...

It's great if you can find a good job that lets you pay for all of that.

Unfortunately the good paying jobs tend to be in urban areas. If the land is cheap, chances are good that your only job options will be low paying part time jobs with no benefits, and you'll need to work two or three of them just to scrape by.

... I don't know where you live, but none of this is accurate in most of the US. People in urban areas often have stupid commutes made worse by traffic. If you're willing to spend an equal amount of time commuting from the country, your radius for jobs blows out 50+ miles.


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ExtremeLuchador posted...

Home prices and rents are going up in rural areas too because of old people and LLCs buying out there. Small houses in rural Northwest Wisconsin are being bought up and rented out for $1,000+.

$1000/month for a house is nothing.

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vigorm0rtis posted...

... I don't know where you live, but none of this is accurate in most of the US. People in urban areas often have stupid commutes made worse by traffic. If you're willing to spend an equal amount of time commuting from the country, your radius for jobs blows out 50+ miles.

This doesn't make sense, dude. What he said is still true. The jobs are in the cities. If you're in a rural area, you don't avoid the congestion from cities, you just drive an extra XX minutes before you get there

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Hey here's a map of the new jobs in 2019. Green counties went up a lot, red ones went down a lot. Notice how metropolitan areas are almost all green? And the red counties are almost all in rural areas?

This is why moving to the country isn't going to be a good solution for most people.

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San Francisco is just a whole other world. I remember my cousin used to live there and he bought an apartment for 1 million. This was like 12 years ago. I visited and stayed there. It was basic af, 3 bedrooms and not very nice. I dont even want to know what it would cost now.

People pay $4k a month just for rent out there. Its insane. I know I can easily find a job at any of the big tech companies out there and double my income, but it wouldnt make sense with their cost of living. I do own a home, but if I sold it and moved there I wouldnt be able to buy one ever.

Balrog0 posted...

This doesn't make sense, dude. What he said is still true. The jobs are in the cities. If you're in a rural area, you don't avoid the congestion from cities, you just drive an extra XX minutes before you get there

Yes if anything you're likely to have to take a job that's farther away. Traveling long distances uses more gas than sitting in traffic.

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Fun fact! Wages go down when you move to places with lower costs of living
https://www.texasmonthly.com/news/houston-affordability-transportation-costs

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action52 posted...

Hey here's a map of the new jobs in 2019. Green counties went up a lot, red ones went down a lot. Notice how metropolitan areas are almost all green? And the red counties are almost all in rural areas?

This is why moving to the country isn't going to be a good solution for most people.

I can't tell from the map exactly but this looks to be about urban areas, not rural areas.

At least the parts of my state that are shown are places where there is either a micropolitan or metroplitan statistical area

which makes sense, since rural areas never had jobs to begin with outside of certain kinds of natural resource extraction

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action52 posted...

Hey here's a map of the new jobs in 2019. Green counties went up a lot, red ones went down a lot. Notice how metropolitan areas are almost all green? And the red counties are almost all in rural areas?

This is why moving to the country isn't going to be a good solution for most people.

Seriously. If you buy a house out in the sticks and commute an hour to your job in the city, it severely limits your career mobility. A house roots you to where you are. Considering that the job market practically demands job hopping every few years, a house is a terrible investment for most millenials.

I'm at $1,300 a month, and I purchased my house 3 years ago, and I'm thankful I did, because the price has gone up 20% in that time. Zillow shows it going up 30%, but I don't really believe that, as a house around the corner with similar specs shows 20%.

I can see why people have to rent.

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action52 posted...

Yes if anything you're likely to have to take a job that's farther away. Traveling long distances uses more gas than sitting in traffic.

yeah, my point is that you're also dealing with the same congestion in addition to the distance, though. Unless you get a sweet job where you can go in at off-rush hour times, which maybe you can! But for most people that's not realistic

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i'm a millenial (apparently) who built a house last year in nw houston that's over 4500 sq ft, has a pool and a media room
whoops

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The Trent posted...

i'm a millenial (apparently) who built a house last year in nw houston that's over 4500 sq ft, has a pool and a media room
whoops

like in the actual city or one of the suburbs?

if its in the actual city its probably not so bad

seems like a nightmare dealing with the commute there, though.

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XXmiznatorXX posted...

what? a milliennial can own a home if they move away from an expensive city

Moving can costs thousands of dollars

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Its funny cuz I really want to live in a city. Its just more to get into. Granted I grew up in Polk county as an only child but damnit if the city life isnt appealing. I moved to an area where I could walk to everything I needed and was 20 mins outside center city. Was awesome honestly.

Now Im back to driving about 45mins either way to Tampa or Orlando. Kinda sucks man. I wouldnt mind owning a home in Philadelphia or Jersey. Taxes and all

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Balrog0 posted...

like in the actual city or one of the suburbs?

if its in the actual city its probably not so bad

seems like a nightmare dealing with the commute there, though.

suburbs, i just dumbed it down
my commute is about 25 minutes because my office is on the nw side as well

when i first graduated college and got my first job, i was driving a good 90 minutes one way for commute
i did it and it killed my soul for 3 years, but i wouldn't be where i am today if i didn't do that then


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Unsugarized_Foo posted...

This is what children are for. They do a of that

I actually got a townhouse now to have babies in, and once the kids are 5-6ish, moving to a single family house to have them learn how to take care of a lawn.

Real estate is a farce - Wise philosopher Martin Shkreli

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Balrog0 posted...

This doesn't make sense, dude. What he said is still true. The jobs are in the cities. If you're in a rural area, you don't avoid the congestion from cities, you just drive an extra XX minutes before you get there

If jobs were only in cities only the coasts would exist.

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Balrog0 posted...

yeah, my point is that you're also dealing with the same congestion in addition to the distance, though. Unless you get a sweet job where you can go in at off-rush hour times, which maybe you can! But for most people that's not realistic

That or if you can get a job with teleworking involved. Some jobs are 100% remote. I have a friend with a NYC salary who moved and lives in Washington State in a very affordable house with a NYC salary.

vigorm0rtis posted...

If jobs were only in cities only the coasts would exist.

There aren't many software engineering jobs out in the boonies.

MC_BatCommander posted...

Moving can costs thousands of dollars

we have to stay where we at until they raise rent again.
if they raise it. can't say for the future of my dog. it's really hard to find places that accept large breed dog (she has a few good years left at least).

better luck with small dog or cat with deposit.
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houses are overrated, i want a condo with concrete walls and ceilings, less maintenance, less taxes

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Never forget that long commutes are literally slowly killing you by actively damaging your mental/physical/emotional health
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Bio1590 posted...

Never forget that long commutes are literally slowly killing you by actively damaging your mental/physical/emotional health

Not gonna lie, going from a 50 minute commute to an 8 minute one has improved my happiness so much it's kinda shocking

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Bio1590 posted...

Never forget that long commutes are literally slowly killing you by actively damaging your mental/physical/emotional health

Yeah, my roommate in college got a job that required a three hour commute (1.5 hours each way). Paid super well, especially considering how cheap our rent and utilities were, but it was a killer on the spirit.

Bio1590 posted...

Never forget that long commutes are literally slowly killing you by actively damaging your mental/physical/emotional health

very true
but sometimes you have to sacrifice shit in order to get better shit

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vigorm0rtis posted...

If jobs were only in cities only the coasts would exist.

you're just really doubling down on your ignorance
even in flyover country, the cities are where the jobs are.

XXmiznatorXX posted...

That or if you can get a job with teleworking involved. Some jobs are 100% remote. I have a friend with a NYC salary who moved and lives in Washington State in a very affordable house with a NYC salary.

yep thats true if you have a job that's almost 100% remote you can live any where

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Balrog0 posted...

yep thats true if you have a job that's almost 100% remote you can live any where

How common are those though? I've never seen a job that was 100% remote that didn't, at minimum, require you start by physically coming in and then transitioning to remote.

Same

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_Rinku_ posted...

How common are those though? I've never seen a job that was 100% remote that didn't, at minimum, require you start by physically coming in and then transitioning to remote.

More common than you think. I even had one about 2 years ago, it was actually pretty awesome and I could travel anywhere I wanted. But I found something else that paid more and required me to go in.

Bio1590 posted...

Never forget that long commutes are literally slowly killing you by actively damaging your mental/physical/emotional health

tru, moving to working at home has been less stressful, albeit more depressing

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XXmiznatorXX posted...

More common than you think. I even had one about 2 years ago, it was actually pretty awesome and I could travel anywhere I wanted. But I found something else that paid more and required me to go in.

What was your job?

_Rinku_ posted...

What was your job?

Some IT management gig for a Fortune 500 company.