Sunday, September 10, 2017

From today's L.A. Times: Young couples are buying again. Yes, but that commute!

Today's L.A. Times' biz section has an article entitled A new generation of  young home buyers is tiptoeing into the market.   The number of first-time, under-35-year-old home buyers has ticked up since the recession.  Yes, the article does go into how tough it is for most first-time buyers and how unaffordable most r.e. is.  One of the profiled couples (pictured above) bought in the Riverside County "exurb"of Murietta and are delighted by their new big house.  Of course, the man now has a 75-mile commute to work.  Seventy-five miles.  Let that sink in...
Photo courtesy of Glenn Koenig/LA Times

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