CHEAPER LIVING! Millennials Are Flocking To Rust Belt Real Estate To Save Money, Live Better

HOW TO GET A DECENT PAYING JOB AND SAVE MONEY: >>>/prepare/40 | https:// archive.fo/vbkbW
https:// web.archive.org/web/20180906204050/https:// 8ch.net/prepare/res/40.html

As real estate prices in major U.S. cities continue to soar, some young buyers and renters have decided to take their business elsewhere. They're investing in homes in such states as Ohio, Michigan and Wisconsin, experts say, in search of more affordable living and new places to plant down roots.

For decades, the part of the U.S. otherwise known as the Rust Belt has been synonymous with hard times for decades, ever since manufacturing bases like Detroit began to suffer the effects of de-industrialization. Plants closed down, jobs disappeared, and once-vibrant cities became symbols of decay.

In recent years, however, the revitalized Rust Belt economy has brought in younger workers, and made the area's real estate an attractive investment bet. The overwhelming driver of the millennial shift to the region is affordability. However, Constantine Valhouli, Director of Research for the real estate research and analytics firm NeighborhoodX, said that there's more to it than that.

Rather than just home ownership, "it is about having roots and contributing to the revival of a place that needs businesses that create jobs and create value," he said.

And slowly but surely, formerly blighted towns and cities are coming back to life, with the help of a younger class of real estate buyers. According to Paul Boomsma, president and CEO of Leading Real Estate Companies of the World (LeadingRE), the latest influx of buyers see cities as financial opportunities and places to build something new – especially with prices far below prevailing prices in big cities.

"Millennials are swiping up properties for next-to-nothing prices near downtown city areas that have completely revitalized," Boomsma said. LendingRE has listed a three-bedroom Victorian home in Mansfield, Ohio, with an asking price of $39,900.

Compared that to what Zillow data show is the median home value of nearly $700,000 in New York City and a whopping $1.3 million in San Francisco, and there's little wonder why aspiring home owners are flocking to the Rust Belt.

web.archive.org/web/20180924162417/https://www.cnbc.com/2018/09/23/why-millennials-are-flocking-to-rust-belt-real-estate.html

Attached: Millennials Are Flocking To Rust Belt Real Estate To Save Money, Live Better.jpg (530x298, 51.82K)

Other urls found in this thread:

a.doko.moe/hatndf.7z
youtube.com/watch?v=6l9OelR0GaM
youtube.com/watch?v=x9oOWzDts5I
youtube.com/watch?v=gsTjM2WFAeE
archive.fo/TwpGe
myredditvideos.com/
twitter.com/SFWRedditImages

Bumping for legit news

I fucking told you guys this was happening, especially the one who lives in the CA bay area where homes are 500K. Most people can't afford that shit anymore, way way too overpriced. Insolvency kills capital investments, remember that.

WOW, thats cheaper than my area! I paid off my 90K mortgage for my home back a decade ago.

An average middle class home should cost no more than 200K, if its any higher than that then the State is insolvent and the market is corrupted. Average middle class home should actually cost around 100K today.

But for what? So that the kikes can drive you out yet again, while also destroying yet another cheap environment for the next generation?

Thats the problem and it happens over time. The more the population grows, the bureaucracy and corruption will follow. But this is just the normal cycle… when they wreck the cities you got to look elsewhere to get away from it. Expect a decade or two of nice living around these areas and then the corruption and bureaucracy starts creeping in unwanted. This is why strategic re-location and planning is very important.

Remember that the kikes use insolvency to drive people out in the first place. One way to avoid this if for people to mortgage cheaper homes in low-taxed states and to pay it off over time and to never re-mortgage their homes: buy them with the expectation to live in them - not to make money holding on and selling them. Be prepared in advance because within a couple decades property taxes will start to rise - thats when you know the kikes are taking over the area… typically if your finances are solvent and you have prepared for this well in advance it should not cause systemic fiscal shock and you may be able to live the rest of your life there comfortably. It takes an average of 3 to 4 decades to ruin communities to the point they are no longer worth living in.

*updated

Attached: HOW TO GET A DECENT PAYING JOB AND SAVE MONEY.png (1280x4132, 1.32M)

8ch Prepare Board.7z
a.doko.moe/hatndf.7z

PDF/PNG/HTML/TXT/RAW backups.