Lending tree: top ten places millennials are buying

[closetohumping 17442]

Only Austin in top ten among Texas

 

1 San Jose, Calif.
2 Denver, Colo.
3 Boston, Mass.
4 Seattle, Wash.
5 Austin, Texas
6 San Francisco, Calif.
7 New York, N.Y.
8 San Diego, Calif.
9 Los Angeles, Calif.
10 Washington, D.C.

[ztejas 43449]

So... America?

[Bateshorn 9927]

6 minutes ago, ztejas said:

So... America?

Well, the parts of America that people want to live in. 

[PRONG HORN 3146]

10 minutes ago, ztejas said:

So... America?

Liberica

 

 

[Beau Vine 54230]

That also looks like a list of the Most Expensive Housing Markets in the US.

[CooterBrown 18012]

I was told no one could afford California and everyone was leaving.

[ztejas 43449]

7 minutes ago, Beau Vine said:

That also looks like a list of the Most Expensive Housing Markets in the US.

Basically what I was thinking. Just missing Miami and Chicago. 

[aggie08 21504]

14 minutes ago, Beau Vine said:

That also looks like a list of the Most Expensive Housing Markets in the US.

I thought millennials are lazy and don't have jobs?

[Bateshorn 9927]

I know there is a narrative that people want to live in bumblefuck, but housing prices and demand don’t lie

[crash_davis 23113]

You mean that housing prices are high in the area that have the highest demand? GTFO!

Prices are cheap as shit in (insert shitty small town name), why don't people want to move there?

[Gatorubet 30238]

1 hour ago, closetohumping said:

Only Austin in top ten among Texas

 

1 San Jose, Calif.
2 Denver, Colo.
3 Boston, Mass.
4 Seattle, Wash.
5 Austin, Texas
6 San Francisco, Calif.
7 New York, N.Y.
8 San Diego, Calif.
9 Los Angeles, Calif.
10 Washington, D.C.

But….but…..heartland

[Celery Man 20949]

31 minutes ago, CooterBrown said:

I was told no one could afford California and everyone was leaving.

[Celery Man 20949]

but the person who wrote this a dyslexic and this is data from millionaires. Although…. still.

[closetohumping 17442]

35 minutes ago, ztejas said:

Basically what I was thinking. Just missing Miami and Chicago. 

Man, Chicago, there's a lot of value there. I think it's cheaper than Austin.  Maybe my favorite city.

 

Miami, lots of rich and poor folks, rent is pricey I think.  It's moving on up.

15 minutes ago, crash_davis said:

You mean that housing prices are high in the area that have the highest demand? GTFO!

Prices are cheap as shit in (insert shitty small town name), why don't people want to move there?

You'd like Provo.  

 

It's nice this time of year.

[Bateshorn 9927]

16 minutes ago, closetohumping said:

Man, Chicago, there's a lot of value there. I think it's cheaper than Austin.  Maybe my favorite city.

 

Miami, lots of rich and poor folks, rent is pricey I think.  It's moving on up.

You'd like Provo.  

 

It's nice this time of year.

You mean the Provo with a median housing price of $453k?

https://www.redfin.com/city/16042/UT/Provo/housing-market

[closetohumping 17442]

1 hour ago, PRONG HORN said:

Liberica

 

 

Replace San Diego with a place like Portland and it’s basically a list of the ten most liberal places in the states

[Aqua Buddha 14596]

1 hour ago, Bateshorn said:

Well, the parts of America that people want to live in. 

Beat me to it.

[Biff Tannen 45685]

1 hour ago, closetohumping said:

Replace San Diego with a place like Portland and it’s basically a list of the ten most liberal places in the states

Weird how that works

[closetohumping 17442]

32 minutes ago, Bateshorn said:

You mean the Provo with a median housing price of $453k?

https://www.redfin.com/city/16042/UT/Provo/housing-market

That’s not too far from the national average.  450 gets you squat in San Diego 

[Ted Lange 16085]

Big cities are liberal hell holes full of crime!   Meanwhile the market disagrees with Fox News alternative facts.  

[Upgrayedd 5812]

1 hour ago, closetohumping said:

That’s not too far from the national average.  450 gets you squat in San Diego 

Half a squat 

[Superhero 8830]

3 hours ago, ztejas said:

Basically what I was thinking. Just missing Miami and Chicago. 

Chicago? Maybe. Never been to Chicago so I can't judge.

Miami? Fuck that. 

[Celery Man 20949]

8 hours ago, Superhero said:

Never been to Chicago 

 

[Armybrat 40845]

11 hours ago, crash_davis said:

You mean that housing prices are high in the area that have the highest demand? GTFO!

Prices are cheap as shit in (insert shitty small town name), why don't people want to move there?

 

[closetohumping 17442]

But...BUT....let's remain "fair and balanced."  Millennials are now olds, the young whipper snapper Gen Zs are saturating middle America:

 

Most popular U.S. cities for Gen Z homebuyers:
1 Salt Lake City
2 Louisville
3 Oklahoma City
4 Cincinnati
5 Indianapolis
6 Phoenix
7 Minneapolis
8 Birmingham
9 St Louis
10 Virginia Beach

http://www.lendingtree.com/home/mort...n Z buyers 

 

 

This is 500k in Indy:  https://www.redfin.com/IN/Indianapolis/7138-Birch-Leaf-Dr-46259/home/170063381

 

Similar price in San Jose:  https://www.redfin.com/CA/San-Jose/5054-Cribari-Vale-95135/home/1757659

 

OF course real estate is local and hard to compare apples to apples.

[ztejas 43449]

5 minutes ago, closetohumping said:

Gen Z homebuyers

All 7 of them?

[BabaYaga 15298]

Quote

Millennials (born between 1981 and 1996, or ages 26 to 41 in 2022) make up a majority of potential homebuyers in most of the country’s largest metros,

Took 'em that long to save up for a down payment

[Proust Bag 20]

I really fucking hate the term millennial. The idea that someone born in the 80’s has a thing in common with kids born in the 90’s is ridiculous. 

[Liquor and Poker 3659]

12 hours ago, closetohumping said:

Man, Chicago, there's a lot of value there. I think it's cheaper than Austin.  Maybe my favorite city.

 

Miami, lots of rich and poor folks, rent is pricey I think.  It's moving on up.

You'd like Provo.  

 

It's nice this time of year.

You could do well there

[Newdoc 3440]

I didn’t realize generations were compelled to move to the same places or maybe there’s a “journalist” splitting hairs with insignificant data in order to get clicks. It’s a shame ChatGPT going to make lazy journalism obsolete.

[Celery Man 20949]

25 minutes ago, Newdoc said:

I didn’t realize generations were compelled to move to the same places or maybe there’s a “journalist” splitting hairs with insignificant data in order to get clicks. It’s a shame ChatGPT going to make lazy journalism obsolete.

This is almost a bingo 

[Guest]

52 minutes ago, closetohumping said:

This is 500k in Indy:  https://www.redfin.com/IN/Indianapolis/7138-Birch-Leaf-Dr-46259/home/170063381

I too also have a vendetta against trees.

From the listing:

[Nuge 1970]

Somebody sold their family farm to drop some Monopoly houses on.

[closetohumping 17442]

5 minutes ago, FirstTimeCaller said:

I too also have a vendetta against trees.

From the listing:

I agree it's soulless.  But those are nice digs!

[Guest]

1 minute ago, closetohumping said:

I agree it's soulless.  But those are nice digs!

Not bad style-wise, but I get the feeling it would have a very "cheap" feel when actually in it.

[closetohumping 17442]

8 minutes ago, FirstTimeCaller said:

Not bad style-wise, but I get the feeling it would have a very "cheap" feel when actually in it.

Spec/track housing. Laminate hard wood.  It’s cookie cutter middle America and that’s ok too

[We’reTexas 1473]

52 minutes ago, closetohumping said:

But...BUT....let's remain "fair and balanced."  Millennials are now olds, the young whipper snapper Gen Zs are saturating middle America:

 

Most popular U.S. cities for Gen Z homebuyers:
1 Salt Lake City
2 Louisville
3 Oklahoma City
4 Cincinnati
5 Indianapolis
6 Phoenix
7 Minneapolis
8 Birmingham
9 St Louis
10 Virginia Beach

http://www.lendingtree.com/home/mort...n Z buyers 

 

 

This is 500k in Indy:  https://www.redfin.com/IN/Indianapolis/7138-Birch-Leaf-Dr-46259/home/170063381

 

Similar price in San Jose:  https://www.redfin.com/CA/San-Jose/5054-Cribari-Vale-95135/home/1757659

 

OF course real estate is local and hard to compare apples to apples.

Kind of a weird article. I don’t think it has to do with popularity but the dynamics of expensive areas. Gen Zers can’t afford coastal metro areas yet and boomers/older Gen-Xers are paying cash if they buy at all, so it makes sense millennials would be the largest buying group by far in those areas. 

[Nice Guy Eddie 13512]

Is someone asking for a mortgage offer on Lending Tree a good indicator where millennials are buying?

It could just as easily be an indicator where millennials are struggling to find a payment they can afford, and they're hitting every possible option.

[Guadaloopy 10971]

15 minutes ago, We’reTexas said:

...boomers/older Gen-Xers are paying cash if they buy at all...

Based on my personal experience and an informal survey of folks moving into our new development south of Tulsa... Gen-Xers are cashing out of these markets and parlaying it into more space and peace in the heartland.

 

[HamsterHookah 112]

27 minutes ago, Guadaloopy said:

Based on my personal experience and an informal survey of folks moving into our new development south of Tulsa... Gen-Xers are cashing out of these markets and parlaying it into more space and peace in the heartland.

 

Exhibit B: https://www.surlyhorns.com/board/topic/29932-anyone-ever-willingly-moved-to-oklahoma-instead-of-just-from/#comment-5124066

[RDCanecutter 26443]

3 hours ago, ztejas said:

All 7 of them?

Well, according to the list, there are at least 10.

[swraith 346]

As others have said, lots of coastal cities.  The Gulf coast doesn't count.

[ztejas 43449]

27 minutes ago, RDCanecutter said:

Well, according to the list, there are at least 10.

It could be one buyer buying in all 10 cities.

[Guest]

17 hours ago, Beau Vine said:

That also looks like a list of the Most Expensive Housing Markets in the US.

Where'd the youngsters get all of the cash flow out of their Humanities Degrees?

[closetohumping 17442]

31 minutes ago, swraith said:

As others have said, lots of coastal cities.  The Gulf coast doesn't count.

Wasn't that the name of RC Slocum's offense?

[Rudiger 1163]

21 hours ago, PRONG HORN said:

Liberica

 

 

Right, the parts of American where people want to live.

[JBJ 3654]

6 hours ago, Nice Guy Eddie said:

Is someone asking for a mortgage offer on Lending Tree a good indicator where millennials are buying?

It could just as easily be an indicator where millennials are struggling to find a payment they can afford, and they're hitting every possible option.

It's ranked by share of mortgages offered to each age bracket.  It has zero to do with popularity, but probably much to do with affordability and population growth (past for Gen Y and present for Gen Z).

[PRONG HORN 3146]

24 minutes ago, Rudiger said:

Right, the parts of American where people want to live.

 

Minus these places.  

4 Seattle, Wash.
6 San Francisco, Calif.
9 Los Angeles, Calif.
10 Washington, D.C.

[closetohumping 17442]

2 minutes ago, PRONG HORN said:

 

Minus these places.  

4 Seattle, Wash.
6 San Francisco, Calif.
9 Los Angeles, Calif.
10 Washington, D.C.

I’ve lived in 3 of these and the one I haven’t may be the best of the bunch.  Great places

[Rudiger 1163]

2 minutes ago, PRONG HORN said:

 

Minus these places.  

4 Seattle, Wash.
6 San Francisco, Calif.
9 Los Angeles, Calif.
10 Washington, D.C.

Heck, people are so desperate to live in three of those cities, they’re willing to live in giant hobo shantytowns to do it! 
 

Check and mate.