Re:Young Homebuyers Are Vanishing from the U.S.
by jackcosgrove on Friday November 08, 2019 @10:49AM
(#21483291)
I overstated it because I was assuming a certain motive (financial), which as you pointed out may not be present. But as a young, unattached person mobility is one of your top competitive advantages in the labor market. I'm not talking about switching jobs in the same metro. I mean moving to an entirely different metro.
Re:Young Homebuyers Are Vanishing from the U.S.
by ghaff on Friday November 08, 2019 @10:54AM
(#21483368)
It does depend upon where you live to some degree. I wasn't that young (late 30s), was in a metro with a fair amount of tech (Boston) most of which was out west of the city where I already lived and worked, and had pretty much already decided I wasn't interested in moving to the Bay Area.
Sure, circumstances could have changed but I pretty much bought when I did in part because I decided that mobility wasn't that big a deal for me any longer.
That's nonsense. You shouldn't feel you have to buy one for financial reasons. But even if you're unattached, as I was when I bought, many of us like having a place of our own with more room than an apartment that you can change as you see fit.
Yes, it limits mobility to a degree. But I've changed jobs several times since I bought my house.