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Old 05-14-2016, 06:21 PM
 
Location: Laguna Niguel, Orange County CA
9,807 posts, read 11,138,336 times
Reputation: 7997

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The article below says starter homes sell fast in OC. But who is buying them? Why do Millennials state that their preference is to wait for the "dream home" and skip a starter home. Are they being realistic?

Are days numbered for the starter home? - The Orange County Register

On the other hand, not mentioned in the Register, but mentioned below, is that Millennials do not seem to have down payments saved. But if this is true, how do they realistically hope to purchase a higher end home in OC as their first home?

Starter homes: Most U.S. millennials lack down payment - San Jose Mercury News
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Old 05-14-2016, 07:36 PM
 
4,369 posts, read 3,722,282 times
Reputation: 2479
Quote:
Originally Posted by LuvSouthOC View Post
The article below says starter homes sell fast in OC. But who is buying them? Why do Millennials state that their preference is to wait for the "dream home" and skip a starter home. Are they being realistic?

Are days numbered for the starter home? - The Orange County Register

On the other hand, not mentioned in the Register, but mentioned below, is that Millennials do not seem to have down payments saved. But if this is true, how do they realistically hope to purchase a higher end home in OC as their first home?

Starter homes: Most U.S. millennials lack down payment - San Jose Mercury News
That's cheap compared to the Bay Area!
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Old 05-14-2016, 08:02 PM
 
Location: Riverside Ca
22,146 posts, read 33,519,030 times
Reputation: 35437
Quote:
Originally Posted by Perma Bear View Post
That's cheap compared to the Bay Area!
Wait see if the tech companies start coming to OC. Rents will skyrocket. I can't even imagine the massacre.
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Old 05-14-2016, 11:50 PM
 
Location: West Hollywood, CA
1,365 posts, read 2,246,681 times
Reputation: 1859
Lmao

im so glad i recently got my own place in a prime area.

rents and prices keep going up and im here like

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Old 05-15-2016, 02:10 AM
 
Location: Orange County
347 posts, read 666,684 times
Reputation: 224
Quote:
Originally Posted by YoungTraveler2011 View Post
Lmao

im so glad i recently got my own place in a prime area.

rents and prices keep going up and im here like
Well, i'm sure they were lower before you got your place.
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Old 05-15-2016, 08:45 AM
 
Location: Rust'n in Tustin
3,267 posts, read 3,930,105 times
Reputation: 7052
Quote:
Originally Posted by LuvSouthOC View Post
. But if this is true, how do they realistically hope to purchase a higher end home in OC as their first home?
Millennials and reality have nothing in common.
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Old 05-15-2016, 08:49 AM
 
4,369 posts, read 3,722,282 times
Reputation: 2479
Quote:
Originally Posted by ysr_racer View Post
Millennials and reality have nothing in common.
They think they'll all become the next Steve jobs just by living somewhere expensive.
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Old 05-15-2016, 12:30 PM
 
Location: Westminster/Huntington Beach, CA
1,780 posts, read 1,760,489 times
Reputation: 1218
Quote:
Originally Posted by ysr_racer View Post
Millennials and reality have nothing in common.
Yep! All 80 million of us are just so delusional!
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Old 05-15-2016, 06:51 PM
 
Location: Newport Beach
35 posts, read 43,961 times
Reputation: 44
Quote:
Originally Posted by Perma Bear View Post
They think they'll all become the next Steve jobs just by living somewhere expensive.
Something like that. Can't hurt.
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Old 05-15-2016, 09:22 PM
 
4,369 posts, read 3,722,282 times
Reputation: 2479
Quote:
Originally Posted by Eagles2013 View Post
Something like that. Can't hurt.
Yes it can, especially since you're relegated to paying insane rent and never owning a home.
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