5 ms·

A lot of us don't want kids early (if at all) and don't want the displeasure of spending $12k/yr in interest with $7k/yr in property taxes that rise $100-200/mo

by swozey 8y ago

A lot of us don't want kids early (if at all) and don't want the displeasure of spending $12k/yr in interest with $7k/yr in property taxes that rise $100-200/mo every year. source: Millennial trying to sell his house to go back to having less "stuff." And more liberty to go and do whatever I want. Maybe it comes from the majority of us going through our parents divorcing, or seeing our families livelihoods destroyed in the 2001 and 2008 recession. Maybe it's FOMO. Who knows. I noticed that when I did move to a cheaper COL city I had far more millennial friends with kids and houses. So, maybe it's just that, the unaffordability of where a lot of us are living leading to later children and thus lack of interest in house life.

Loughla 8y ago
>So, maybe it's just that, the unaffordability of where a lot of us are living leading to later children and thus lack of interest in house life. Fascinating. I actually hadn't considered that. I live in a super low COL area, for full disclosure.
- swozey 8y ago
  My 1970s 3/2 (1400sqft) in Austin 15 miles from downtown is worth around $400k. It's a huge factor in my family/life decisions. Not even comparable to CA/Sea of course. The neighborhood I'm in is probably 80% boomers (because of pricing, it's a gorgeous place people would love to raise a family). When I moved to Dallas (significantly more affordable housing) I found that a lot more of my coworkers have families/homes. https://www.cnbc.com/2018/09/26/millennials-are-flocking-to-cities-where-they-may-never-be-able-to-buy.html https://www.cnbc.com/2018/09/26/millennials-are-flocking-to-...
  - Loughla 8y ago
    Oh wow. Midwest - nearest town is 150k (so we lack some cultural opportunities, but Chicago is within a day's drive). 1900-2000sq ft 4 bedroom, 2 bath, 2 car attached garage with 800 sq ft woodshop, on 52 acres was $140k. And we paid what I thought was too much for the property when we bought it. The lives people in this country lead are so startlingly different sometimes.

by swozey 8y ago

Loughla 8y ago

>So, maybe it's just that, the unaffordability of where a lot of us are living leading to later children and thus lack of interest in house life. Fascinating. I actually hadn't considered that. I live in a super low COL area, for full disclosure.

swozey 8y ago
My 1970s 3/2 (1400sqft) in Austin 15 miles from downtown is worth around $400k. It's a huge factor in my family/life decisions. Not even comparable to CA/Sea of course. The neighborhood I'm in is probably 80% boomers (because of pricing, it's a gorgeous place people would love to raise a family). When I moved to Dallas (significantly more affordable housing) I found that a lot more of my coworkers have families/homes. https://www.cnbc.com/2018/09/26/millennials-are-flocking-to-cities-where-they-may-never-be-able-to-buy.html https://www.cnbc.com/2018/09/26/millennials-are-flocking-to-...
- Loughla 8y ago
  Oh wow. Midwest - nearest town is 150k (so we lack some cultural opportunities, but Chicago is within a day's drive). 1900-2000sq ft 4 bedroom, 2 bath, 2 car attached garage with 800 sq ft woodshop, on 52 acres was $140k. And we paid what I thought was too much for the property when we bought it. The lives people in this country lead are so startlingly different sometimes.