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Real Estate
Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "
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[quote=Anonymous]If younger generations would be willing to move to lower cost of living areas, housing wouldn't be a burden. And no, that doesn't mean rural, it could mean a suburb of Philadelphia, it could mean Buffalo NY, Charlotte, even Richmond. Also be willing to live in a fixer upper for awhile. Older generations literally built homes. My boomer in laws purchased a fixer upper and most fixes other than a major renovation, they handled themselves. I'm an xennial. We purchased a fixer upper in a "bad" area of town with a 1 percent down payment and PMI and lived in it for 8 years before renovating. Most younger folks I know seem less willing to do this.[/quote]
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