The other driving factor is rent inflation

May 26, 2019
8:47:06am

KingDave All-American

I don’t know about SLC, but Portland has seen 7% annual rent increases for about the past decade. Young families are chasing the dream of buying a home while trying to keep up with their ever increasing rent.

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KingDave

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Last login: Apr 24, 2024
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Messages

Author

Time

Interesting article on Millennials and Home Prices

coolcats

5/26/19 7:38am

Yeah, same for my wife and me 13 years ago too. Then 2008 happened.

LeftOfNormal

5/26/19 7:51am

$438,000 for a 3 bedroom home in Vineyard?! My house may have jumped in price A TON.

BYUALWAYSNUM1

5/26/19 7:59am

My bother put his house in Vineyard up for 470,000

Dissenter

5/26/19 8:03am

We bought our house in vineyard 3 years ago for less than 400k and now people are selling the same floor plan on smaller

Nuke

5/26/19 8:39am

50+k in equity/year sounds too good to be true

Dissenter

5/26/19 8:51am

No, that can’t go on forever. Hopefully everything just plateaus for a decade

TriggerWarning

5/26/19 9:53am

I doubt it, I would be super anxious about buying a home right now. St George is even worse, I would love to move back

Nuke

5/26/19 10:11pm

As soon as I finish grad school, I'm looking to go elsewhere, because of prices

Dissenter

5/26/19 8:05am

The saddest part is you almost have to buy in to one of those

mokelembembe

5/26/19 8:11am

Lol, u haven't traveled much then

permiso

5/26/19 8:13am

No, I think some of you missed what I was saying......

mokelembembe

5/26/19 8:56am

still a dumb thing to say. I don't like the cookie cutter neighborhoods

Dissenter

5/26/19 8:59am

So besides danger, what aspect of a neighborhood would make you feel mentally

Fatalplacebo

5/26/19 9:22am

I found this video on legacy farms, are the slums you visited Beverly hills and Manhattan?

boyblue

5/26/19 8:25am

Lol. Slums in Utah?

Fatalplacebo

5/26/19 8:32am

I feel priced out of Utah but maybe it’s irrational. If each additional $100k

Odysseus

5/26/19 8:23am

while that number is true, that's oversimplifying it

Dissenter

5/26/19 8:46am

There are lots of studies too that show millennials

JOPE

5/26/19 8:35am

The Redfin guy wasn't telling the truth

donnerstag

5/26/19 9:10am

I think it's just a delay

Gustav

5/26/19 9:29am

25% of Millennials will probably never marry

donnerstag

5/26/19 9:39am

This will make retirement rough for millennials as a whole.

TriggerWarning

5/26/19 9:49am

I wonder why.

Lip Gallagher

5/26/19 9:32am

The other driving factor is rent inflation

KingDave

5/26/19 8:47am

$3k a month mortgage? Is this normal?

Hoax

5/26/19 9:01am

exactly.. yeah for equity. If you want to enjoy that you better be willing to

cougfanz

5/26/19 9:19am

If people are buying a $500k home, putting the minimum down, and paying mortgage insurance, I could see it.

Pimpin4Paradise

5/26/19 10:35am

Stay away from Texas, California people!

TriggerWarning

5/26/19 9:28am

and Utah

BYUALWAYSNUM1

5/26/19 10:01am

Impossible. I was told that it’s just laziness of millennials that causes them

chago04

5/26/19 9:41am

link? Dont most people say many millennials cant afford to buy a home because governments have made it too expensive and

HarlemCoug

5/26/19 10:13am

Link:

chago04

5/26/19 11:49am

I read the link - didn't see anyone calling millennials lazy - people just said they want to too much and spend too

HarlemCoug

5/26/19 3:47pm

Maybe if they weren’t lazy, their incomes would be rising as fast as home prices

kcca

5/26/19 10:50am

$1M for a home in Daybreak????

SD-Y-FAN

5/26/19 10:19am

There are some big houses there, but a million is too much

Dissenter

5/26/19 10:47am

a few points. Historically low interest rates have a lot to do with today's higher prices. Most buyers are

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