Another HUGE problem of many (most?) members of Gen Y is that their expectations for the type and location of their first home are through the roof …. HUGELY unrealistic for a first-time buyer … especially one working in SD for a SD-based company.
Hence, they don’t end up buying any home … and many didn’t even buy a home when the getting was good (when values plummeted from late 2009 thru late 2011). Many of this group missed the boat to buy their first home in SD and are now seeing these same or similar homes in same or similar locations being actually sold for twice the price paid just 4-5 years ago!
