I would never have been able to buy an apartment if my parents hadn't put up their own house as collateral. The bank required 20% at the time, but with the coll

I would never have been able to buy an apartment if my parents hadn't put up their own house as collateral. The bank required 20% at the time, but with the collateral I only needed something like 5%, which I could afford. I had no issues paying the down payments, which came to about the same as I used to pay in rent. A few years later I had paid down enough that they could take off my prents' home from the collateral, and 10 years later I had something that had increased 100% in market value. I imagine most millennials aren't lucky enough to be able to do this. Property prices in popular metros mean they should probably be looking elsewhere, but the list of attractive places probably isn't that long. Detroit, maybe? Baltimore?