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Op-Ed: Home prices are going
through the roof. Millennials piling
into the market is one big driver

Original Article

Posted By: NorthernDog, 5/29/2021 10:37:35 PM

For months now, my friends who are millennials have struggled to find single-family homes on the market in the suburbs, exurbs and even in rural areas — and when they do, they face daunting bidding wars. Millennials are leaving the city in droves as urban centers like New York and San Francisco see their populations decline. At the same time, the COVID-19 pandemic has resulted in a housing shortage and skyrocketing prices, with “feeding frenzies” for houses, notably outside major urban centers. Millennials (age 25-40) are part of this dynamic, seeking to make their lives outside of cities and to


The 'urban generation' that did not want to own anything and embraced city life suddenly wants out. Not mentioned is inner-city violence and a kooky 'woke' culture that is repellant.

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Reply 1 - Posted by: Northcross 5/29/2021 11:00:43 PM (No. 800512)
A lot of them thought that being part of a diverse urban culture was cool. And then BLM disabused them of that idea.
20 people like this.

Reply 2 - Posted by: Heraclitus 5/29/2021 11:21:00 PM (No. 800517)
Oh No! There goes the neighborhood! Please oh please keep your stupid wokeness in the cities with you. Just stay put. These are highly self-conscious people with little self-knowledge; they're selfish and egotistical. Some, however, will sniff around, wondering where that awful smell is coming from, will look at the soul (yes, soul) of their shoe and realize that they've brought the putrefaction with them, and then choose to begin the hard work of introspection, study and reformation. Those who come out of the Left over to conservatism are extraordinary people. Every community is enriched by them... too small in number.
6 people like this.

Reply 3 - Posted by: Trigger2 5/29/2021 11:39:08 PM (No. 800525)
Poor babies...
0 people like this.

Reply 4 - Posted by: chumley 5/30/2021 12:08:03 AM (No. 800538)
I suspect it isn't so much that homes are worth more, its that the money is worth less. Since we no longer have a gold standard, maybe we have a real estate standard. Agree with other posters. We already have too many houses in my formerly rural Appalachian area. If you must come here, please leave your opinions, voting habits and dialects in the dung heap you came from. You are a refugee, not a missionary.
28 people like this.

Reply 5 - Posted by: DVC 5/30/2021 12:58:24 AM (No. 800551)
A millenial friend has been looking for a small home for about a year and a half. Can't find something that he likes, and can afford that isn't in a scary neighborhood, so far.
5 people like this.

Reply 6 - Posted by: Rather Read 5/30/2021 6:44:37 AM (No. 800609)
My little spot of Kentucky is getting immigrants from California and New York. I pray they don't ruin my state like they did their's.
9 people like this.

Reply 7 - Posted by: Strike3 5/30/2021 7:01:53 AM (No. 800618)
How are these people being approved for loans when many of them have spent the past year unemployed or marching with BLM and Antifa?
10 people like this.

Reply 8 - Posted by: planetgeo 5/30/2021 7:19:29 AM (No. 800627)
Also not mentioned (hey, it's the L.A. Times) is the Democratitis virus that is now confirmed as the primary cause of urban blight. Everywhere. And there's no escaping it if you continue to be a carrier.
6 people like this.

Reply 9 - Posted by: F15 Gork 5/30/2021 7:20:18 AM (No. 800629)
These cockroaches will destroy what’s left of America ...
8 people like this.

Reply 10 - Posted by: franq 5/30/2021 7:24:07 AM (No. 800632)
Who wants to pay rent in a gulag when you can own a home for the same monthly payment?
5 people like this.

Reply 11 - Posted by: anniebc 5/30/2021 7:51:53 AM (No. 800648)
The left cancels making themselves exclusive, so why can't red states post signs at the airport and on the interstate that say, "No leftist-voting Yankees or otherwise allowed: Return to your broken down inner cities and states"?
3 people like this.

Reply 12 - Posted by: SkeezerMcGee 5/30/2021 8:03:36 AM (No. 800659)
A real estate bubble (not unlike the 2005 - 2006 bubble) is underway and will burst. There's speculation in play. Buyers are offering cash above sellers' asking prices. This time the recession will not be limited to real estate.
5 people like this.

Reply 13 - Posted by: Corndoggies 5/30/2021 8:29:04 AM (No. 800690)
Our rural home has doubled in value, which is nice to know but we still need a place to live. We’re here for another 15 years, assuming the world hasn’t imploded by then. I started a garden and we have bunnies and squirrels aplenty. Absolute worst case, 7 well fed dogs. I’m only partially kidding.
6 people like this.

Reply 14 - Posted by: downnout 5/30/2021 9:58:06 AM (No. 800783)
I wish we could put a fence, no wait, a WALL around Florida to keep out the liberals who move here to get away from the high taxes they voted for. They’re a plague.
6 people like this.

Reply 15 - Posted by: snowoutlaw 5/30/2021 10:10:13 AM (No. 800796)
I am sure rent and eviction moratoriums have nothing to do with the shortage of homes on the market, otherwise the LATs would have mentioned it. After all just because rental homes have been held hostage by the government for over a year and are the most likely to be listed for sale is no reason to think it could effect prices.
3 people like this.

Reply 16 - Posted by: zephyrgirl 5/30/2021 11:48:07 AM (No. 800895)
We bought our house in 2013, and according to Zillow, it has almost doubled in value. Hard to believe considering that the previous owner took a big loss when she sold it to us. Ditto for the house next door.
2 people like this.

Reply 17 - Posted by: Heil Liberals 5/30/2021 3:27:56 PM (No. 801028)
After the Obama years, and thanks to Trump’s triumph over regulations, these kids finally have jobs. Exactly how long with the POTUS Pervert and VP Pervertia in charge, who knows.
1 person likes this.

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