Millennials Can Afford to Buy – Just Not Where They Live
In a new report by the Washington Post, it has been found that many millennials could afford to buy a home right now – just not in the cities where they currently live.
Many young people tend to gravitate toward certain cities, like San Francisco, New York and Austin. The bad news, though, is that those are among the 10 least affordable cities in the United States.
If they want to buy, millennials should look instead at Akron, Ohio; Dayton, Ohio; Rochester, N.Y.; Birmingham, Ala.; Indianapolis, Ind.; Detroit; Little Rock, Ark.; Gary, Ind.; Cleveland, Ohio; and Kansas City.
Image via flickr/Tom Caswell