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Old 01-23-2018, 09:18 AM
 
155 posts, read 154,346 times
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That's why I am trying to get into the RV business lol.. record low homeownership rate and RV sales are taking off, both more amplified for the milennial age group in particular.
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Old 01-23-2018, 11:21 AM
 
Location: Reno, Nv
46 posts, read 112,759 times
Reputation: 58
Quote:
Originally Posted by 2sleepy View Post
Yep, and it's not unique to those two Cities. My fear is that if housing prices keep going up like this with no commensurate wage increase we are going to have a lot of homeless families within the next few years.
You mean so Reno can look like L.A., Seattle, Portland, Detroit with their homeless population? I'm so glad we are getting out of here before that happens.
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Old 01-23-2018, 11:46 AM
 
2,611 posts, read 2,882,545 times
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Quote:
Originally Posted by RenoViking View Post
The thing is, houses for the most part aren't worth that asking price. Most of the apartments aren't worth the asking price for rent either. When an 800 sq ft 2 bedroom, 1 bath, no amenities in the apartment go for 1k there is something terribly wrong. Some of the places we were looking at just 2 1/2 years ago have doubled since we moved here. Housing is absolutely brutal right now. Luckily there is plenty of work, but wages won't cover rent, and feed you. Things might "even out" eventually, but for the near future, it is going to be ugly.
Rent will stabilize soon with lots of apartments coming online this year.

Right now, rents have decreased in SLU Seattle, DT LA and Manhattan due to overbuilding.
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