I'm talking about young people in need to buy a house or at least to rent an apartment to live by themselves.
Here in Italy it seems almost impossible for us to buy a house and a big waste of money to rent something since the prices in both the situation are unaffordable for ordinary people.Most of us keep living with their parents and have given up the idea to start a life on our own.That's obviously thank to our marvellous politicians who had better change job and leave the government in more capable hands.
Anyway,how is it in the USA?Do young people have better chances than us over here in Italy?
2007-04-21 05:59:40 · 5 answers · asked by Brenno 6 in Social Science ➔ Economics
Yes depending on where you live. In my area of Northern Virginia I don't think it would be a good place for a young person to start life. We live near the nation's capital, Washington D.C., so its quite expensive especially as you get closer to Washington.
But you can find other areas in the country that are more affordable.
I've read that alot of Italians especially men stay with their parents into their late 20's and early 30's because its so expensive.
Here is an article. .
http://media.www.mcgilltribune.com/media/storage/paper234/news/2005/03/31/Features/Italian.Men.Are.Mamas.Boys.Study-908584.shtml?sourcedomain=www.mcgilltribune.com&MIIHost=media.collegepublisher.com
2007-04-21 07:57:22 · answer #1 · answered by piscesgurl310 4 · 0⤊ 0⤋
Yes, many young people are able to rent a place depending on which area of the country they live...Here in southern California, it is quite expensive, but there are hundreds of affordable citites in the US. Buying a home is getting easier now since the prices have been dropping for the past 1-2 years...
2007-04-21 06:10:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The price of housing in the USA is extremely high. A lot of young Americans find they cannot afford a home in or near a major city.
Boston, New York, San Francisco, and Chicago have been referred to as 'barrier cities', too costly to buy or invest. The USA is having a tough time in the housing market.
2007-04-21 06:08:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Depends on where you live, both in terms of the big cities vs. the suburbs vs. rural areas, as well as East Coast vs. West Coast vs. Midwest vs. South.
Cheaper rents and home prices are going to be available more in the Midwest and the South vs. the coasts, and it's definitely cheaper to live in rural areas vs. the big cities or many of the suburbs.
2007-04-21 06:09:13 · answer #4 · answered by TheOnlyBeldin 7 · 0⤊ 0⤋
I have no problem buying my home. 5 years down on a 30 year mortgage.
2007-04-21 06:11:26 · answer #5 · answered by srena 5 · 0⤊ 0⤋