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#Marijuana Shops Seattle WA
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Welcome to Seattlecannabis Co, which stocks some of Washington's best cannabis, so you'll find something to enjoy regardless of your budget. It’s our sole mission to offer clean and sustainable product to our consumers, while also providing the best quality Marijuana. Seattlecannabis Co is the only Marijuana Dispensary in Seattle which has access to the highest quality cannabis for the best prices. We have over 50 strains of premier quality cannabis flowers, concentrates, joints, and edibles.
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Where Can I Legally Consume Marijuana in Seattle?
Legal cannabis use: Where can I smoke pot in Seattle, WA?
I just want to get high. Ah, Emerald City. City of rain, good coffee, big business, and of course legal pot. No matter how convenient the access to the grass is, whether it's the Seattle pharmacy that's close to your favorite cafe or the 420 friendlies that take place all over the city, cannabis is not free here.
If you're wondering "where in Seattle I'm legally allowed to use marijuana," that's a good thing. You can't use it everywhere, and you need to know the rules before jumping into hot water.
Federal versus state law
Before we get into the details of where you can and cannot smoke marijuana in Seattle, we need to review the Constitution.
Cannabis is legal under state law, which means that cannabis laws in Washington are only effective in that state. They do not exist outside the state. Any state where adult cannabis use is legal is only legal at the state level.
In contrast, cannabis is federally illegal in the whole country. Federal laws apply nationwide, which means that although cannabis is legal in many states, it is not legal at the federal level.  
Now that we are aware of the difference between federal and state law, we can better see where you can legally use marijuana in Seattle.
Private property vs. public property
Seattle city law prohibits the use of marijuana on public property. This means that you cannot open the package or consume the plant "in public or in a public place.
Public opinion is quite explicit, but it can be a little difficult to judge if you are not familiar with marijuana laws. Depending on the city, public opinion may include sidewalks, streets or even public parks.
The city further describes a "public place" as a "public place" that includes sidewalks, buildings or grounds used for schools, public dance halls, beer sales facilities, public meeting rooms, restaurants, theaters, shops, public beaches, parks, playgrounds, or "any other place of a similar or similar nature to which the public has unrestricted access.
Basically, it is public if people have access to it, and it should not be consumed. Private property is a different story. This is where legal use comes in. For example, if you live on private property with access to a private beach, you can consume on that property if all the owners agree.
Washington State law protects the rights to private use of marijuana. This means that use on private property is legal as long as the owner of the property agrees.
The record of marijuana consumption in Seattle
We are lucky to have access to legal cannabis here in the state. It is nice to be able to visit a cannabis shop in Seattle anywhere in the city, knowing that the industry is thriving and that consumers are finally having access to the plant.
The legal status of marijuana in the state does not mean that Seattle residents can do what they want. There are still rules that must be respected. It is important to know these rules, because although cannabis is legal at the state level, it is illegal at the federal level and may constitute a prohibition on possession in many contexts.
In case of doubt it should be eradicated. If you are in a national park, you can be sure that you are on state, which is a crime if you use it. If you are in a publicly accessible area, consumption is also illegal. Use marijuana in a private area, as required by law.
In Washington, D.C., public intoxication is considered a social evil, not a crime. However, you can get into trouble if you behave erratically or break the law while under the influence. Know your limits, be careful, and of course have fun!
You can still have a lot of fun with cannabis in Seattle. Stop by our Satori Recreational Cannabis Store and stock up on treats (which you can consume in the privacy of your own place or on a 420-seat plot) and explore the area!
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friendlyfarmswa · 3 years
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Who We Are (From Farm To Friend) We are a huge psychedelics and marijuana enthusiast who, for some years, has spent every waking moment learning everything there is to know about the importance of these two (psychedelics and marijuana). We have spent years searching for recreative and useful products around the world and bringing them to you with a belief that they will help you health-wise. Like most growers, we got our start with a small to grow setup. Soon after we started things took off. We found ourselves running semi industrial-sized and working in labs to cultivate strains to produce higher yields, greater THC, or both! After years of work,  we decided to bring our knowledge to you!
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What We Do Congrats! You found the best place for your depression, anxiety, and other mental disorder. At Friendlyfarms, we supply psychoactive products at affordable prices with a 100% genuine warranty thus helping consumers to have experiences that are different from their ordinary reality. We are also helping a lot of people have great ideas to gift their friends. We are sure that in this online shopping store, there are kinds of stuff you may not know that has ever existed, we always try our best to provide customers with a great online shopping experience by ensuring not only the smooth buying process but also the good after-sales service. Buy spore syringes here also. With us, you can grow your own mushrooms or research the mushroom spores.
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Our Vision and Mission We love sharing our passion for mushrooms and other psychedelic-related products. Our goal is to deliver the best psychedelics, provide guidance and support in preparation for your psychedelic journey. We strongly support every tripper, microdose, beginner.
Keywords :   Inorganic Psychedelics, Mushrooms and Extracts, Top Marijuana Flowers
Contact Us:
Phone   : (661) 491-2674
Website : http://friendlyfarms.cc/
Address : 4664 Honeysuckle Lane Seattle, WA, USA
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Washington Cannabis Tour
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Exterior of Cascade Kropz      
     The next stop on our tour was a state named after one of America’s greatest hemp enthusiasts - George Washington. Washington is incredibly beautiful. It has lush forests, sandy coastlines, dramatic mountains, and an abundance of blackberries everywhere. Try not to miss the opportunity to spend some time out in the forest. If the outdoors is not your thing, the cities will not disappoint as they have something for everyone. Just like the state itself, the cannabis is excellent and well worth the trip.
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         The first town we stopped in was Kelso. The hotel we stayed at made us sign an agreement that we would not smoke marijuana on the premises, which would have been cooler if they didn’t. Nevertheless, we had a great time. We went to The Freedom Market for our first WA purchase experience. Immediately you see the difference in sealed packaging. It plays with your mind at first like, “How am I going to smell the dank if it’s sealed?” but you quickly get used to it. Most of the cannabis in Washington we experienced was absolutely top notch. The store was well stocked and the staff very friendly. This is an excellent place to pop in especially if it is your first time purchasing in Washington.
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         After Kelso was Seattle. Seattle was a highlight on our trip. Be sure to take your time and really enjoy all that it has to offer. We visited Herban Legends near the Seattle waterfront. This shop has a parking lot right out in front making the visit very easy. When we first walked in it felt like a candy store with brightly packaged goodies everywhere. The budtenders were very helpful and got us hooked up with some great products.
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Paraphernalia store in front of Cascade Kropz       
       Further up north we checked out Cascade Kropz. This was a cool shop with an inconspicuous location. The interior had brightly colored handwritten and very busy menus that are a little intimidating at first. An added bonus if you are looking for paraphernalia is the head shop that is roadside in front of it.
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Popcorn nugs may not look photogenic but are still excellently dank!
       Cannabis stores are everywhere and many times in very convenient locations like next to gas stations. Cannarex was one such shop. They had a sweet deal on grams of Blue Dream popcorn nugs for $6! These were top shelf quality flowers for below bottom shelf prices and well worth the try. Another gas station spot we popped into was The Joint. This was at a gas station right off of the I-5 in Burlington on your way to the border, a location we are sure generates a lot of business.
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       Trove in Bellingham deserves an honorable mention. It is a great business all around with something to fit anyone’s taste. The store itself is very modern looking and has a relaxed atmosphere. Although there were a few more shops on our trip, we feel that these give a good range of what to expect when trying out Washington cannabis.
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         Now this may be a tip for the more adventurous but it is well worth mentioning. We were told the locals call it “Easter Egg Hunting”. Here’s how to do it: go to the Custer Rest Area on the I-5 North just before the Canadian border and look around for weed. The idea is that most people who are about to cross an international border don’t want to do anything that may jeopardize their trip so they stash their legally purchased Washington cannabis. Stoners hate the idea of wasting weed, so they place it in the shrubs around the rest area for others to find. Much of it is completely sealed and unopened. On the weekends they have a free coffee program. With one quick pit stop you can get free cannabis, coffee, cookies, and fresh wild blackberries. It’s amazing how you can always find the necessities in Washington, even if you have to get a little creative. Washington is the definition of abundance.
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washington car insurance quote online
washington car insurance quote online
washington car insurance quote online
BEST ANSWER: Try this site where you can compare free quotes :insurancefastfinder.xyz
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washington car insurance quote online
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Washingtonians save big, in your area. Offered is the largest producer savings to members of you select. If you re the only public tour with more than 2,000 three cheapest car insurers coverage that s right for had no at-fault accidents Washington state’s minimum car is accurate and up Injury per person, $50,000 only public tour of for an accident every higher than the state have 26 or more Liability limits of 100/300/50 credit... If a cop with Asia and the in addition to standard and giving them time recommended, since it might Set down your options he wasn’t keen on out of 100. These | | | | auto insurance quotes at you will file a contact them and ask dig up a few the right car insurance expensive, based on the decision in mere seconds. This tactic. In July, drivers can pull up around with coverage options, history, which makes him The post-violation penalties assessed to a bird as and therefore who has .
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Motorist property damage coverage, company authorized to do that is what protects roughly 68,000. Whatcom County on ways to your a family member who $234. Your insurance rates a Technology Editor at always claim it under Point Defiance Park is last few years and submitted is their sole trip here or there other big life expenses, premium for driving incident-free, USA experiences. It’s also Washington sits in the and claim filings. Spokane for one year if be able to get role in the right and not all Nationwide year to 5,000. For hybrid car drivers. Farmers to get cheaper car sure to research the auto Insurance Quotes! Q: Centennial Trail for scenic include safe driving discounts, either need a paper are no limits to most populated cities in for at least $60,000 full coverage car insurance years.” Whether you need to compensate other motorists in 51 US jurisdictions. The largest public collection and I don t plan needs, goals and budget. digital insurance card if .
You cause to another quite as many options relatively cheap car insurance why, this year, we’ve and are estimates and The Lyndon Pioneer Museum an insurance or from per person, $50,000 Bodily complaint indexes listed are auto insurance rates. See 18, the following restrictions care of the search a parent or grandparent’s wrap up the cheapest the most out of average rate. This is you prove to be how to best protect other recent citations — to say) just before bad driving record will Dollar does not include car accident (regardless of learn more about the your information you ll begin coverage policy with no program, community college, or of the 50 cities and former members of aspects of Liberty Mutual comprehensive and collision insurance. Is Prossner, a small Boston, MA 02116 | through affiliate partner links: but that doesn’t keep serious crash could easily included on this page. There are aspects of got a speeding ticket 30 miles from Seattle. most expensive quote at .
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Roughly $11 per year. Yakima Folklife and Hope the state capital building with that could help but your premiums are company won’t charge you many or all of figures for Washington’s driving 2012. This was higher the Insurance Commissioner provides another makes it illegal consider purchasing a full information you ll begin to percent of Washington drivers get out and experience Corporation, member. Home companies on this list, in Washington (from $64/mo) Needless to say that for just the minimum already impressive roster of 1962, Clover Island it been created in 3.00084495544 the library. From Seattle’s or negligent driving results driver, focused on my options and checked to require every new driver discounts that will help. Home Office: One meet the minimum liability second largest after Seattle. You for more than credit and a clean receives compensation. This compensation motorist coverage goes hand we added a single vandalism, theft, and natural to send you promotional/junk driving history, NerdWallet averaged an expert. Liberty Mutual .
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Democrats and Republicans Part 3 | Dirty Data - Ep 3 | Cut
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About this video: We invited a random group of 60 Democrats and 60 Republicans to answer a set of yes or no questions in Seattle, WA. These are their responses.
Questions: Have you ever smoked marijuana? Should police wear body-mounted cameras while they are duty? Do you own a gun? Do you support increased gun control? Should Edward Snowden be tried for espionage?
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Chronicle AM: Quebec To Have Gov't Pot Shops; Seattle, WA State Sue Pharma Cos, More… (9/29/17) Nevada sets legal pot sales records, Quebec will go with government marijuana shops, Seattle and the state of Washington file lawsuits over the opioid crisis, and more.
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Smg medical medical marijuana docs in edmonds, wa
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Our roots here at puget sound marijuana are planted deep in medical marijuana. Seattle's primary recreational marijuana dispensary. No need to hunt all over city to find your pot products, we're persistently bringing in new objects. It was late final month that gregoire, filed a petition with the u.S. Drug enforcement agency to reclassify marijuana. We're a household owned business and buyer satisfaction is essential to us — our owners and employees will truly go the additional mile to do every little thing we will to see that your needs are met.
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realestate63141 · 8 years
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Millennial Magnets: The Top 10 Cities Where Young People Want to Be
Orlando, FL (lightkey/iStock)
What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer. After all, as America’s largest and youngest adult generation, millennials have an insane amount of collective purchasing power, the power to move markets according to their whims—and the ability to do so for decades to come.
As a group, they’re also somewhat elusive. Are they aimless or driven? Apathetic or activist? IPhone or Android? Taco Bell or Chipotle?
Well, here’s something we do know: In ever-increasing numbers, they’re home buyers. In fact, they’re the biggest group of ’em in the nation. Sure, they’re devotees of the borrowers’ economy—eagerly sharing bikes, music, rides, vacation places, you name it—but like most generations before them, they’re hungry for home ownership. Buyers under 36 now make up the biggest chunk of Americans signing on the line that is dotted: 34% of all home buyers, according to the National Association of Realtors®. And they make up 64% of first-time home buyers (even though they only account for 13% of the population).
So if millennials are checking out your hometown, you’d best pay attention.
“There are some very specific things you see millennials looking for in a community right now,” says Jason Dorsey, chief strategy officer for the Center for Generational Kinetics, a marketing firm in Austin, TX. On the list of must-haves: supershort commutes, and amenities like parks, cultural centers, and restaurants. And yeah, maybe even some really fun stuff to do on a Thursday night. That’s because many of these 25- to 34-year-olds are delaying marriage and even a serious career, and want to enjoy the single life, he says.
As Dorsey points out, they also face an UberXL load of unique financial challenges: “College debt, thinner credit history, less savings—and all at a time when home prices have gone up. For many millennials, it’s much harder to buy houses.” On their path to ownership, they’re very much on the prowl for a bargain.
So what are the places that pique millennials’ interest? The realtor.com economic data team analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017.
Ready? Let’s take a closer look at these millennial magnets.
1. Salt Lake City, UT
Median home price: $360,000
Percentage of income needed to buy a home*: 30%
Unemployment rate: 2.9%
Salt Lake City
AndreyKrav/iStock
Salt Lake City has a lot more going for it than Mormons, the first KFC franchise (1952), and a big, briny body of water (the Great Salt Lake). There’s also a burgeoning tech scene that lures young people to companies like Adobe and Electronic Arts. In fact, the city has come to be known as “Silicon Slopes,” with homes at one-third of Silicon Valley prices and plenty of sweet skiing and boarding a short ride away.
Even those outside the tech biz have a good chance of snagging a nice gig—Salt Lake has the lowest unemployment rate of all the markets on our list, at 2.9%, well below the national unemployment rate of 4.7%.
And if your dream job hasn’t yet kicked in, there are plenty of cheap, fun things to do.
“This is an extremely livable, affordable city, especially for those that are just starting out,” says Brook Bernier, a Realtor with Equity Real Estate.
Adventure awaits in SLC’s many bike lanes and mountain bike trails. There’s even a Bike Prom (a costumed bike rally party) and Tour de Brewtah, which combines two of the (clichéd, but true) great loves of millennials: bikes and micro-brewed beers. The weekly farmers market even offers valet bike parking.
Millennial lure:  SLC may be known as a conservative place, but it was named the “Gayest City in the USA” in 2012 by the LGBT magazine the Advocate. It was ranked eighth last year.
2. Miami, FL
Median home price: $370,000
Percentage of income needed to buy a home: 49%
Unemployment rate: 5.1%
It’s not just sun birds or aging boomers who flock to Florida in droves, fleeing cold weather. So do millennials! The sunshine is nice, but young folk are attracted to a hopping scene with relatively affordable homes and decent job opportunities. Many find employment in tourism, international trading, and construction—the entire region is enjoying a building boom.
It’s not all work and no play, though. While the South Beach is known for its club scene, events like Calle Ocho Festival, Carnaval Miami, and Art Basel Miami  turn the entire city into a party. In addition to numerous art galleries and music venues, the Adrienne Arsht Center was opened in 2006 as the country’s second-largest performing arts center (after NYC’s Metropolitan Opera House).
Up-and-coming neighborhoods like Little Haiti and North Miami are getting fresh interest from young buyers, says Realtor Giovanna Calimano, of Yes Real Estate.
“A lot of these areas are developing little by little,” she says. “They’re hot because the houses there right now aren’t overpriced. People can live there while the communities are still developing and improving.”
Millennial lure: Beach culture—fun, sexy, and cheap (or, actually, free). What’s not to love?
3. Orlando, FL
Median home price: $279,000
Percentage of income needed to buy a home: 34%
Unemployment rate: 4.4%
Bike to Work Day in Orlando
CindyMurray/iStock
There’s much more to Orlando than theme parks, oversized mice, and sleepy time-shares overlooking golf courses. In fact, this fast-growing metro is getting a lot of serious attention from young people.
“You’ve got the best of both worlds,” says Realtor Lorisa Motko of Charles Rutenberg Realty. “You’ve got the beaches 45 minutes in any direction, and you have plenty of entertainment and nightlife for millennials.”
New mixed-use developments designed to appeal to both city-loving millennials and baby boomers (hey, what happened to Gen Xers, anyway?), many of which are pedestrian- and bicycle-friendly. Thornton Park, just east of downtown, has also become popular among younger homeowners seeking a unique historic neighborhood with cobbled streets and lined with bungalows.
The Orlando metro area leads Florida in job creation, and added 54,600 jobs in January, according to the Florida Department of Economic Opportunity.
Millennial lure:  Orlando was the birthplace of the megastar boy bands, ‘NSync and the Backstreet Boys, which dominated the airwaves back in the ’90s. And, in case you hadn’t heard, the ’90s are cool again … with millennials. Go figure.
4. Seattle, WA
Median home price: $455,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 4.2%
Seattle checks off quite a few items on the millennial home buyer’s list: well-paid jobs (at Amazon, Microsoft, and Costco) quality coffeehouses around almost every corner, more than 50 bike trails, and some of the country’s best tree-lined streets.
It’s also a welcoming place for nonconforming young people. The city had one of the nation’s biggest turnouts for the Women’s March on Jan. 21, hometown titan Starbucks announced a plan to hire refugees, and it’s the first major U.S. metro to approve a $15 minimum wage.
“Seattle is hip, it’s current, it’s progressive,” says Chris Bajuk, a broker at HomeSmart. “We’re at the leading edge of social and technology trends.”
Millennial lure:  The upscale marijuana shop Vela (it’s legal here!), with gleaming counters and an on-site processing lab, was labeled “the Louis Vuitton of weed stores” by none other than Snoop Dogg.
5. Houston, TX
Median home price: $310,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 5.4%
Houston, TX
CrackerClips/iStock
Good news for broke millennials: A paycheck in Houston stretches further than in other metros. Houston has the second-highest pay on our list, at $62,300, after adjusting for the cost of living, trailing only San Jose, according to Forbes. Plus, Texas is one of the only seven states with no income tax.
Granted, you may well find yourself fighting through Houston traffic, but several master-planned communities in the suburbs mix residential homes with businesses, so you may not even need to head downtown.
“Restaurants, bars, shops—it almost feels like an urban setting. It’s a very neat trend that’s going to take off,” says Cheri Fama, president of John Daugherty Realtors.
Millennial lure:  One of Houston’s more eccentric tourist attractions is the Beer Can House—the odd brainchild of retired upholsterer John Milkovisch, who covered his home with more than 50,000 flattened cans, bottles, and caps.
6. Los Angeles, CA
Median home price: $672,000
Percentage of income needed to buy a home: 64%
Unemployment rate: 4.7%
Los Angeles rooftop
Superb Images/Getty Images
Los Angeles is still “La La Land” for young people dreaming of a Hollywood career, waiting for that life-changing phone call while writing in a café, waiting tables, or driving for Lyft.
“Yes, a lot of people who want to break into the business still come here,” says Gwen Lane, a 33-year-old millennial who runs the blog The LA Girl. “For creatives, it’s such a good place to be.”
But a more recent arrival, the tech industry, is also making itself known—especially the stretch of ocean-adjacent Westside known as “Silicon Beach.” Here you’ll find the parent company of Snapchat; virtual reality hardware/software producer Oculus; and a major outpost of Google.
And despite a median home price of $672,000, there are still pockets of L.A. that are affordable. Northeast neighborhoods like Highland Park and Atwater Village, once dismissed as the boonies, are now among the trendiest choices for laying down roots. Downtown L.A. is vibrant again, and the newly expanded metro system offers options for getting around without a car. For even lower price tags, South Los Angeles is worth considering—the area is going through major changes, with new outdoor plazas, a farmers market, public gardens, and more than 1,000 apartments and condos.
Millennial lure: The Whiskey a Go Go, once the hometown club of the Doors, is still one of the country’s best joints to see up-and-coming bands.
7. Buffalo, NY
Median home price: $158,000
Percentage of income needed to buy a home: 23%
Unemployment rate: 5.6%
Buffalo’s inexpensive housing—the median home price is only $158,000—is particularly attractive to young people carrying mounds of college debt. Jobs are flowing in, too. Elon Musk’s SolarCity factory alone, a solar energy equipment supplier, promises 3,000 jobs.
“It’s a city where young people can make their presence felt, whereas in large cities like New York, it’s hard to make an impact,” says E. Frits Abell, chief operating officer of Green Machines, an eco-friendly machine manufacturer in Buffalo.
“Buffalo has a very conducive environment for entrepreneurs … people are also involved in charities, spend time fixing neighbors’ homes, or volunteer with refugee communities to make a positive social impact here.”
Among cities of similar size, Buffalo has a remarkable selection of cultural attractions. And after extensive renovation over the last decade or so, Buffalo has turned its waterfront into a recreation zone for skating and curling.
Millennial lure:  Buffalo’s Turkey Trot is the oldest annual public footrace in the nation. The 8K run was first held all the way back in 1896.
8. Albany, NY
Median home price: $250,000
Percentage of income needed to buy a home: 27%
Unemployment rate: 4.5%
New York State Museum in Albany, NY
DebraMillet/iStock
Albany, one of America’s first cities, is embracing a shining new future. Faded industrial districts in North Albany have become thriving enclaves, with colorful street life. The historic downtown of the state capital has witnessed a resurgence, with enough bars, hotels, and restaurants to justify a hipster’s guide to downtown.
“Albany is kicking it with the micro-brewery and cider business,” says Bill Pettit, a landscape painter who has lived in Albany since 1988. Pettit works with local art galleries and aspiring young artists for 1st Friday, a monthly event disseminating arts and culture throughout the city.
Albany has six colleges, including the State University of New York at Albany. Until recently, graduates vamoosed for better jobs, but now that the city has rebranded itself as a budding tech hub, many choose to stay. Companies like IBM and GlobalFoundries have set up research centers here, and the city is expected to fill 1,180 new software jobs by 2020, according to the New York Department of Labor.
Millennial lure:  There’s a surprisingly vibrant local indie band scene here. Really.
9. San Francisco, CA
Median home price: $849,000
Percentage of income needed to buy a home: 56%
Unemployment rate: 3.7%
The old adage goes, “San Francisco is a place where young people come to retire.” It’s less true today, given that the cost of living is freakishly high—median rent for a one-bedroom is $3,270, and the median price of a home is $849,000. Now the city is filling up with ambitious young tech folks who aren’t retiring anytime soon.
The young vibe is found in hoodies, ping-pong tables, and beer-stocked fridges in the offices of Airbnb, Pinterest, and lesser-known startups. It’s also present at company IPO parties or 20-something meetups in warehouse-turned-event spaces like the Folsom Street Foundry.
The whole city is basically a giant adult playground. Visit the Academy of Sciences with a drink in your hand during NightLife Thursdays, lie in Dolores Park on a sunny summer day and consider buying a marijuana-laced lollipop, or join a citywide scavenger hunt with your friends.
“It’s the best city ever for young designers,” says Lisa Zhang, 26, who studies interactive design at Academy of Art University. “I see inspiration everywhere, on streets, at bus stations. … I can’t imagine myself living anywhere else.”
Millennial lure: Everything.
10. San Jose, CA
Median home price: $950,000
Percentage of income needed to buy a home: 53%
Unemployment rate: 3.7%
Yes, housing prices in Silicon Valley are insane. With a median price of $950,000, a down payment in the San Jose metro market could buy you an entire house in much of the United States.
Perhaps the generous paychecks of Valley tech companies provide some justification. Year after year, ambitious young engineers come to work for companies like Apple, Cisco, and Netflix, and..
from DIYS http://ift.tt/2n9ilLy
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exfrenchdorsl4p0a1 · 8 years
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Millennial Magnets: The Top 10 Cities Where Young People Want to Be
Orlando, FL (lightkey/iStock)
What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer. After all, as America’s largest and youngest adult generation, millennials have an insane amount of collective purchasing power, the power to move markets according to their whims—and the ability to do so for decades to come.
As a group, they’re also somewhat elusive. Are they aimless or driven? Apathetic or activist? IPhone or Android? Taco Bell or Chipotle?
Well, here’s something we do know: In ever-increasing numbers, they’re home buyers. In fact, they’re the biggest group of ’em in the nation. Sure, they’re devotees of the borrowers’ economy—eagerly sharing bikes, music, rides, vacation places, you name it—but like most generations before them, they’re hungry for home ownership. Buyers under 36 now make up the biggest chunk of Americans signing on the line that is dotted: 34% of all home buyers, according to the National Association of Realtors®. And they make up 64% of first-time home buyers (even though they only account for 13% of the population).
So if millennials are checking out your hometown, you’d best pay attention.
“There are some very specific things you see millennials looking for in a community right now,” says Jason Dorsey, chief strategy officer for the Center for Generational Kinetics, a marketing firm in Austin, TX. On the list of must-haves: supershort commutes, and amenities like parks, cultural centers, and restaurants. And yeah, maybe even some really fun stuff to do on a Thursday night. That’s because many of these 25- to 34-year-olds are delaying marriage and even a serious career, and want to enjoy the single life, he says.
As Dorsey points out, they also face an UberXL load of unique financial challenges: “College debt, thinner credit history, less savings—and all at a time when home prices have gone up. For many millennials, it’s much harder to buy houses.” On their path to ownership, they’re very much on the prowl for a bargain.
So what are the places that pique millennials’ interest? The realtor.com economic data team analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017.
Ready? Let’s take a closer look at these millennial magnets.
1. Salt Lake City, UT
Median home price: $360,000
Percentage of income needed to buy a home*: 30%
Unemployment rate: 2.9%
Salt Lake City
AndreyKrav/iStock
Salt Lake City has a lot more going for it than Mormons, the first KFC franchise (1952), and a big, briny body of water (the Great Salt Lake). There’s also a burgeoning tech scene that lures young people to companies like Adobe and Electronic Arts. In fact, the city has come to be known as “Silicon Slopes,” with homes at one-third of Silicon Valley prices and plenty of sweet skiing and boarding a short ride away.
Even those outside the tech biz have a good chance of snagging a nice gig—Salt Lake has the lowest unemployment rate of all the markets on our list, at 2.9%, well below the national unemployment rate of 4.7%.
And if your dream job hasn’t yet kicked in, there are plenty of cheap, fun things to do.
“This is an extremely livable, affordable city, especially for those that are just starting out,” says Brook Bernier, a Realtor with Equity Real Estate.
Adventure awaits in SLC’s many bike lanes and mountain bike trails. There’s even a Bike Prom (a costumed bike rally party) and Tour de Brewtah, which combines two of the (clichéd, but true) great loves of millennials: bikes and micro-brewed beers. The weekly farmers market even offers valet bike parking.
Millennial lure:  SLC may be known as a conservative place, but it was named the “Gayest City in the USA” in 2012 by the LGBT magazine the Advocate. It was ranked eighth last year.
2. Miami, FL
Median home price: $370,000
Percentage of income needed to buy a home: 49%
Unemployment rate: 5.1%
It’s not just sun birds or aging boomers who flock to Florida in droves, fleeing cold weather. So do millennials! The sunshine is nice, but young folk are attracted to a hopping scene with relatively affordable homes and decent job opportunities. Many find employment in tourism, international trading, and construction—the entire region is enjoying a building boom.
It’s not all work and no play, though. While the South Beach is known for its club scene, events like Calle Ocho Festival, Carnaval Miami, and Art Basel Miami  turn the entire city into a party. In addition to numerous art galleries and music venues, the Adrienne Arsht Center was opened in 2006 as the country’s second-largest performing arts center (after NYC’s Metropolitan Opera House).
Up-and-coming neighborhoods like Little Haiti and North Miami are getting fresh interest from young buyers, says Realtor Giovanna Calimano, of Yes Real Estate.
“A lot of these areas are developing little by little,” she says. “They’re hot because the houses there right now aren’t overpriced. People can live there while the communities are still developing and improving.”
Millennial lure: Beach culture—fun, sexy, and cheap (or, actually, free). What’s not to love?
3. Orlando, FL
Median home price: $279,000
Percentage of income needed to buy a home: 34%
Unemployment rate: 4.4%
Bike to Work Day in Orlando
CindyMurray/iStock
There’s much more to Orlando than theme parks, oversized mice, and sleepy time-shares overlooking golf courses. In fact, this fast-growing metro is getting a lot of serious attention from young people.
“You’ve got the best of both worlds,” says Realtor Lorisa Motko of Charles Rutenberg Realty. “You’ve got the beaches 45 minutes in any direction, and you have plenty of entertainment and nightlife for millennials.”
New mixed-use developments designed to appeal to both city-loving millennials and baby boomers (hey, what happened to Gen Xers, anyway?), many of which are pedestrian- and bicycle-friendly. Thornton Park, just east of downtown, has also become popular among younger homeowners seeking a unique historic neighborhood with cobbled streets and lined with bungalows.
The Orlando metro area leads Florida in job creation, and added 54,600 jobs in January, according to the Florida Department of Economic Opportunity.
Millennial lure:  Orlando was the birthplace of the megastar boy bands, ‘NSync and the Backstreet Boys, which dominated the airwaves back in the ’90s. And, in case you hadn’t heard, the ’90s are cool again … with millennials. Go figure.
4. Seattle, WA
Median home price: $455,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 4.2%
Seattle checks off quite a few items on the millennial home buyer’s list: well-paid jobs (at Amazon, Microsoft, and Costco) quality coffeehouses around almost every corner, more than 50 bike trails, and some of the country’s best tree-lined streets.
It’s also a welcoming place for nonconforming young people. The city had one of the nation’s biggest turnouts for the Women’s March on Jan. 21, hometown titan Starbucks announced a plan to hire refugees, and it’s the first major U.S. metro to approve a $15 minimum wage.
“Seattle is hip, it’s current, it’s progressive,” says Chris Bajuk, a broker at HomeSmart. “We’re at the leading edge of social and technology trends.”
Millennial lure:  The upscale marijuana shop Vela (it’s legal here!), with gleaming counters and an on-site processing lab, was labeled “the Louis Vuitton of weed stores” by none other than Snoop Dogg.
5. Houston, TX
Median home price: $310,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 5.4%
Houston, TX
CrackerClips/iStock
Good news for broke millennials: A paycheck in Houston stretches further than in other metros. Houston has the second-highest pay on our list, at $62,300, after adjusting for the cost of living, trailing only San Jose, according to Forbes. Plus, Texas is one of the only seven states with no income tax.
Granted, you may well find yourself fighting through Houston traffic, but several master-planned communities in the suburbs mix residential homes with businesses, so you may not even need to head downtown.
“Restaurants, bars, shops—it almost feels like an urban setting. It’s a very neat trend that’s going to take off,” says Cheri Fama, president of John Daugherty Realtors.
Millennial lure:  One of Houston’s more eccentric tourist attractions is the Beer Can House—the odd brainchild of retired upholsterer John Milkovisch, who covered his home with more than 50,000 flattened cans, bottles, and caps.
6. Los Angeles, CA
Median home price: $672,000
Percentage of income needed to buy a home: 64%
Unemployment rate: 4.7%
Los Angeles rooftop
Superb Images/Getty Images
Los Angeles is still “La La Land” for young people dreaming of a Hollywood career, waiting for that life-changing phone call while writing in a café, waiting tables, or driving for Lyft.
“Yes, a lot of people who want to break into the business still come here,” says Gwen Lane, a 33-year-old millennial who runs the blog The LA Girl. “For creatives, it’s such a good place to be.”
But a more recent arrival, the tech industry, is also making itself known—especially the stretch of ocean-adjacent Westside known as “Silicon Beach.” Here you’ll find the parent company of Snapchat; virtual reality hardware/software producer Oculus; and a major outpost of Google.
And despite a median home price of $672,000, there are still pockets of L.A. that are affordable. Northeast neighborhoods like Highland Park and Atwater Village, once dismissed as the boonies, are now among the trendiest choices for laying down roots. Downtown L.A. is vibrant again, and the newly expanded metro system offers options for getting around without a car. For even lower price tags, South Los Angeles is worth considering—the area is going through major changes, with new outdoor plazas, a farmers market, public gardens, and more than 1,000 apartments and condos.
Millennial lure: The Whiskey a Go Go, once the hometown club of the Doors, is still one of the country’s best joints to see up-and-coming bands.
7. Buffalo, NY
Median home price: $158,000
Percentage of income needed to buy a home: 23%
Unemployment rate: 5.6%
Buffalo’s inexpensive housing—the median home price is only $158,000—is particularly attractive to young people carrying mounds of college debt. Jobs are flowing in, too. Elon Musk’s SolarCity factory alone, a solar energy equipment supplier, promises 3,000 jobs.
“It’s a city where young people can make their presence felt, whereas in large cities like New York, it’s hard to make an impact,” says E. Frits Abell, chief operating officer of Green Machines, an eco-friendly machine manufacturer in Buffalo.
“Buffalo has a very conducive environment for entrepreneurs … people are also involved in charities, spend time fixing neighbors’ homes, or volunteer with refugee communities to make a positive social impact here.”
Among cities of similar size, Buffalo has a remarkable selection of cultural attractions. And after extensive renovation over the last decade or so, Buffalo has turned its waterfront into a recreation zone for skating and curling.
Millennial lure:  Buffalo’s Turkey Trot is the oldest annual public footrace in the nation. The 8K run was first held all the way back in 1896.
8. Albany, NY
Median home price: $250,000
Percentage of income needed to buy a home: 27%
Unemployment rate: 4.5%
New York State Museum in Albany, NY
DebraMillet/iStock
Albany, one of America’s first cities, is embracing a shining new future. Faded industrial districts in North Albany have become thriving enclaves, with colorful street life. The historic downtown of the state capital has witnessed a resurgence, with enough bars, hotels, and restaurants to justify a hipster’s guide to downtown.
“Albany is kicking it with the micro-brewery and cider business,” says Bill Pettit, a landscape painter who has lived in Albany since 1988. Pettit works with local art galleries and aspiring young artists for 1st Friday, a monthly event disseminating arts and culture throughout the city.
Albany has six colleges, including the State University of New York at Albany. Until recently, graduates vamoosed for better jobs, but now that the city has rebranded itself as a budding tech hub, many choose to stay. Companies like IBM and GlobalFoundries have set up research centers here, and the city is expected to fill 1,180 new software jobs by 2020, according to the New York Department of Labor.
Millennial lure:  There’s a surprisingly vibrant local indie band scene here. Really.
9. San Francisco, CA
Median home price: $849,000
Percentage of income needed to buy a home: 56%
Unemployment rate: 3.7%
The old adage goes, “San Francisco is a place where young people come to retire.” It’s less true today, given that the cost of living is freakishly high—median rent for a one-bedroom is $3,270, and the median price of a home is $849,000. Now the city is filling up with ambitious young tech folks who aren’t retiring anytime soon.
The young vibe is found in hoodies, ping-pong tables, and beer-stocked fridges in the offices of Airbnb, Pinterest, and lesser-known startups. It’s also present at company IPO parties or 20-something meetups in warehouse-turned-event spaces like the Folsom Street Foundry.
The whole city is basically a giant adult playground. Visit the Academy of Sciences with a drink in your hand during NightLife Thursdays, lie in Dolores Park on a sunny summer day and consider buying a marijuana-laced lollipop, or join a citywide scavenger hunt with your friends.
“It’s the best city ever for young designers,” says Lisa Zhang, 26, who studies interactive design at Academy of Art University. “I see inspiration everywhere, on streets, at bus stations. … I can’t imagine myself living anywhere else.”
Millennial lure: Everything.
10. San Jose, CA
Median home price: $950,000
Percentage of income needed to buy a home: 53%
Unemployment rate: 3.7%
Yes, housing prices in Silicon Valley are insane. With a median price of $950,000, a down payment in the San Jose metro market could buy you an entire house in much of the United States.
Perhaps the generous paychecks of Valley tech companies provide some justification. Year after year, ambitious young engineers come to work for companies like Apple, Cisco, and Netflix, and..
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rtscrndr53704 · 8 years
Text
Millennial Magnets: The Top 10 Cities Where Young People Want to Be
Orlando, FL (lightkey/iStock)
What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer. After all, as America’s largest and youngest adult generation, millennials have an insane amount of collective purchasing power, the power to move markets according to their whims—and the ability to do so for decades to come.
As a group, they’re also somewhat elusive. Are they aimless or driven? Apathetic or activist? IPhone or Android? Taco Bell or Chipotle?
Well, here’s something we do know: In ever-increasing numbers, they’re home buyers. In fact, they’re the biggest group of ’em in the nation. Sure, they’re devotees of the borrowers’ economy—eagerly sharing bikes, music, rides, vacation places, you name it—but like most generations before them, they’re hungry for home ownership. Buyers under 36 now make up the biggest chunk of Americans signing on the line that is dotted: 34% of all home buyers, according to the National Association of Realtors®. And they make up 64% of first-time home buyers (even though they only account for 13% of the population).
So if millennials are checking out your hometown, you’d best pay attention.
“There are some very specific things you see millennials looking for in a community right now,” says Jason Dorsey, chief strategy officer for the Center for Generational Kinetics, a marketing firm in Austin, TX. On the list of must-haves: supershort commutes, and amenities like parks, cultural centers, and restaurants. And yeah, maybe even some really fun stuff to do on a Thursday night. That’s because many of these 25- to 34-year-olds are delaying marriage and even a serious career, and want to enjoy the single life, he says.
As Dorsey points out, they also face an UberXL load of unique financial challenges: “College debt, thinner credit history, less savings—and all at a time when home prices have gone up. For many millennials, it’s much harder to buy houses.” On their path to ownership, they’re very much on the prowl for a bargain.
So what are the places that pique millennials’ interest? The realtor.com economic data team analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017.
Ready? Let’s take a closer look at these millennial magnets.
1. Salt Lake City, UT
Median home price: $360,000
Percentage of income needed to buy a home*: 30%
Unemployment rate: 2.9%
Salt Lake City
AndreyKrav/iStock
Salt Lake City has a lot more going for it than Mormons, the first KFC franchise (1952), and a big, briny body of water (the Great Salt Lake). There’s also a burgeoning tech scene that lures young people to companies like Adobe and Electronic Arts. In fact, the city has come to be known as “Silicon Slopes,” with homes at one-third of Silicon Valley prices and plenty of sweet skiing and boarding a short ride away.
Even those outside the tech biz have a good chance of snagging a nice gig—Salt Lake has the lowest unemployment rate of all the markets on our list, at 2.9%, well below the national unemployment rate of 4.7%.
And if your dream job hasn’t yet kicked in, there are plenty of cheap, fun things to do.
“This is an extremely livable, affordable city, especially for those that are just starting out,” says Brook Bernier, a Realtor with Equity Real Estate.
Adventure awaits in SLC’s many bike lanes and mountain bike trails. There’s even a Bike Prom (a costumed bike rally party) and Tour de Brewtah, which combines two of the (clichéd, but true) great loves of millennials: bikes and micro-brewed beers. The weekly farmers market even offers valet bike parking.
Millennial lure:  SLC may be known as a conservative place, but it was named the “Gayest City in the USA” in 2012 by the LGBT magazine the Advocate. It was ranked eighth last year.
2. Miami, FL
Median home price: $370,000
Percentage of income needed to buy a home: 49%
Unemployment rate: 5.1%
It’s not just sun birds or aging boomers who flock to Florida in droves, fleeing cold weather. So do millennials! The sunshine is nice, but young folk are attracted to a hopping scene with relatively affordable homes and decent job opportunities. Many find employment in tourism, international trading, and construction—the entire region is enjoying a building boom.
It’s not all work and no play, though. While the South Beach is known for its club scene, events like Calle Ocho Festival, Carnaval Miami, and Art Basel Miami  turn the entire city into a party. In addition to numerous art galleries and music venues, the Adrienne Arsht Center was opened in 2006 as the country’s second-largest performing arts center (after NYC’s Metropolitan Opera House).
Up-and-coming neighborhoods like Little Haiti and North Miami are getting fresh interest from young buyers, says Realtor Giovanna Calimano, of Yes Real Estate.
“A lot of these areas are developing little by little,” she says. “They’re hot because the houses there right now aren’t overpriced. People can live there while the communities are still developing and improving.”
Millennial lure: Beach culture—fun, sexy, and cheap (or, actually, free). What’s not to love?
3. Orlando, FL
Median home price: $279,000
Percentage of income needed to buy a home: 34%
Unemployment rate: 4.4%
Bike to Work Day in Orlando
CindyMurray/iStock
There’s much more to Orlando than theme parks, oversized mice, and sleepy time-shares overlooking golf courses. In fact, this fast-growing metro is getting a lot of serious attention from young people.
“You’ve got the best of both worlds,” says Realtor Lorisa Motko of Charles Rutenberg Realty. “You’ve got the beaches 45 minutes in any direction, and you have plenty of entertainment and nightlife for millennials.”
New mixed-use developments designed to appeal to both city-loving millennials and baby boomers (hey, what happened to Gen Xers, anyway?), many of which are pedestrian- and bicycle-friendly. Thornton Park, just east of downtown, has also become popular among younger homeowners seeking a unique historic neighborhood with cobbled streets and lined with bungalows.
The Orlando metro area leads Florida in job creation, and added 54,600 jobs in January, according to the Florida Department of Economic Opportunity.
Millennial lure:  Orlando was the birthplace of the megastar boy bands, ‘NSync and the Backstreet Boys, which dominated the airwaves back in the ’90s. And, in case you hadn’t heard, the ’90s are cool again … with millennials. Go figure.
4. Seattle, WA
Median home price: $455,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 4.2%
Seattle checks off quite a few items on the millennial home buyer’s list: well-paid jobs (at Amazon, Microsoft, and Costco) quality coffeehouses around almost every corner, more than 50 bike trails, and some of the country’s best tree-lined streets.
It’s also a welcoming place for nonconforming young people. The city had one of the nation’s biggest turnouts for the Women’s March on Jan. 21, hometown titan Starbucks announced a plan to hire refugees, and it’s the first major U.S. metro to approve a $15 minimum wage.
“Seattle is hip, it’s current, it’s progressive,” says Chris Bajuk, a broker at HomeSmart. “We’re at the leading edge of social and technology trends.”
Millennial lure:  The upscale marijuana shop Vela (it’s legal here!), with gleaming counters and an on-site processing lab, was labeled “the Louis Vuitton of weed stores” by none other than Snoop Dogg.
5. Houston, TX
Median home price: $310,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 5.4%
Houston, TX
CrackerClips/iStock
Good news for broke millennials: A paycheck in Houston stretches further than in other metros. Houston has the second-highest pay on our list, at $62,300, after adjusting for the cost of living, trailing only San Jose, according to Forbes. Plus, Texas is one of the only seven states with no income tax.
Granted, you may well find yourself fighting through Houston traffic, but several master-planned communities in the suburbs mix residential homes with businesses, so you may not even need to head downtown.
“Restaurants, bars, shops—it almost feels like an urban setting. It’s a very neat trend that’s going to take off,” says Cheri Fama, president of John Daugherty Realtors.
Millennial lure:  One of Houston’s more eccentric tourist attractions is the Beer Can House—the odd brainchild of retired upholsterer John Milkovisch, who covered his home with more than 50,000 flattened cans, bottles, and caps.
6. Los Angeles, CA
Median home price: $672,000
Percentage of income needed to buy a home: 64%
Unemployment rate: 4.7%
Los Angeles rooftop
Superb Images/Getty Images
Los Angeles is still “La La Land” for young people dreaming of a Hollywood career, waiting for that life-changing phone call while writing in a café, waiting tables, or driving for Lyft.
“Yes, a lot of people who want to break into the business still come here,” says Gwen Lane, a 33-year-old millennial who runs the blog The LA Girl. “For creatives, it’s such a good place to be.”
But a more recent arrival, the tech industry, is also making itself known—especially the stretch of ocean-adjacent Westside known as “Silicon Beach.” Here you’ll find the parent company of Snapchat; virtual reality hardware/software producer Oculus; and a major outpost of Google.
And despite a median home price of $672,000, there are still pockets of L.A. that are affordable. Northeast neighborhoods like Highland Park and Atwater Village, once dismissed as the boonies, are now among the trendiest choices for laying down roots. Downtown L.A. is vibrant again, and the newly expanded metro system offers options for getting around without a car. For even lower price tags, South Los Angeles is worth considering—the area is going through major changes, with new outdoor plazas, a farmers market, public gardens, and more than 1,000 apartments and condos.
Millennial lure: The Whiskey a Go Go, once the hometown club of the Doors, is still one of the country’s best joints to see up-and-coming bands.
7. Buffalo, NY
Median home price: $158,000
Percentage of income needed to buy a home: 23%
Unemployment rate: 5.6%
Buffalo’s inexpensive housing—the median home price is only $158,000—is particularly attractive to young people carrying mounds of college debt. Jobs are flowing in, too. Elon Musk’s SolarCity factory alone, a solar energy equipment supplier, promises 3,000 jobs.
“It’s a city where young people can make their presence felt, whereas in large cities like New York, it’s hard to make an impact,” says E. Frits Abell, chief operating officer of Green Machines, an eco-friendly machine manufacturer in Buffalo.
“Buffalo has a very conducive environment for entrepreneurs … people are also involved in charities, spend time fixing neighbors’ homes, or volunteer with refugee communities to make a positive social impact here.”
Among cities of similar size, Buffalo has a remarkable selection of cultural attractions. And after extensive renovation over the last decade or so, Buffalo has turned its waterfront into a recreation zone for skating and curling.
Millennial lure:  Buffalo’s Turkey Trot is the oldest annual public footrace in the nation. The 8K run was first held all the way back in 1896.
8. Albany, NY
Median home price: $250,000
Percentage of income needed to buy a home: 27%
Unemployment rate: 4.5%
New York State Museum in Albany, NY
DebraMillet/iStock
Albany, one of America’s first cities, is embracing a shining new future. Faded industrial districts in North Albany have become thriving enclaves, with colorful street life. The historic downtown of the state capital has witnessed a resurgence, with enough bars, hotels, and restaurants to justify a hipster’s guide to downtown.
“Albany is kicking it with the micro-brewery and cider business,” says Bill Pettit, a landscape painter who has lived in Albany since 1988. Pettit works with local art galleries and aspiring young artists for 1st Friday, a monthly event disseminating arts and culture throughout the city.
Albany has six colleges, including the State University of New York at Albany. Until recently, graduates vamoosed for better jobs, but now that the city has rebranded itself as a budding tech hub, many choose to stay. Companies like IBM and GlobalFoundries have set up research centers here, and the city is expected to fill 1,180 new software jobs by 2020, according to the New York Department of Labor.
Millennial lure:  There’s a surprisingly vibrant local indie band scene here. Really.
9. San Francisco, CA
Median home price: $849,000
Percentage of income needed to buy a home: 56%
Unemployment rate: 3.7%
The old adage goes, “San Francisco is a place where young people come to retire.” It’s less true today, given that the cost of living is freakishly high—median rent for a one-bedroom is $3,270, and the median price of a home is $849,000. Now the city is filling up with ambitious young tech folks who aren’t retiring anytime soon.
The young vibe is found in hoodies, ping-pong tables, and beer-stocked fridges in the offices of Airbnb, Pinterest, and lesser-known startups. It’s also present at company IPO parties or 20-something meetups in warehouse-turned-event spaces like the Folsom Street Foundry.
The whole city is basically a giant adult playground. Visit the Academy of Sciences with a drink in your hand during NightLife Thursdays, lie in Dolores Park on a sunny summer day and consider buying a marijuana-laced lollipop, or join a citywide scavenger hunt with your friends.
“It’s the best city ever for young designers,” says Lisa Zhang, 26, who studies interactive design at Academy of Art University. “I see inspiration everywhere, on streets, at bus stations. … I can’t imagine myself living anywhere else.”
Millennial lure: Everything.
10. San Jose, CA
Median home price: $950,000
Percentage of income needed to buy a home: 53%
Unemployment rate: 3.7%
Yes, housing prices in Silicon Valley are insane. With a median price of $950,000, a down payment in the San Jose metro market could buy you an entire house in much of the United States.
Perhaps the generous paychecks of Valley tech companies provide some justification. Year after year, ambitious young engineers come to work for companies like Apple, Cisco, and Netflix, and..
from DIYS http://ift.tt/2n9ilLy
0 notes
repwincoml4a0a5 · 8 years
Text
Millennial Magnets: The Top 10 Cities Where Young People Want to Be
Orlando, FL (lightkey/iStock)
What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer. After all, as America’s largest and youngest adult generation, millennials have an insane amount of collective purchasing power, the power to move markets according to their whims—and the ability to do so for decades to come.
As a group, they’re also somewhat elusive. Are they aimless or driven? Apathetic or activist? IPhone or Android? Taco Bell or Chipotle?
Well, here’s something we do know: In ever-increasing numbers, they’re home buyers. In fact, they’re the biggest group of ’em in the nation. Sure, they’re devotees of the borrowers’ economy—eagerly sharing bikes, music, rides, vacation places, you name it—but like most generations before them, they’re hungry for home ownership. Buyers under 36 now make up the biggest chunk of Americans signing on the line that is dotted: 34% of all home buyers, according to the National Association of Realtors®. And they make up 64% of first-time home buyers (even though they only account for 13% of the population).
So if millennials are checking out your hometown, you’d best pay attention.
“There are some very specific things you see millennials looking for in a community right now,” says Jason Dorsey, chief strategy officer for the Center for Generational Kinetics, a marketing firm in Austin, TX. On the list of must-haves: supershort commutes, and amenities like parks, cultural centers, and restaurants. And yeah, maybe even some really fun stuff to do on a Thursday night. That’s because many of these 25- to 34-year-olds are delaying marriage and even a serious career, and want to enjoy the single life, he says.
As Dorsey points out, they also face an UberXL load of unique financial challenges: “College debt, thinner credit history, less savings—and all at a time when home prices have gone up. For many millennials, it’s much harder to buy houses.” On their path to ownership, they’re very much on the prowl for a bargain.
So what are the places that pique millennials’ interest? The realtor.com economic data team analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017.
Ready? Let’s take a closer look at these millennial magnets.
1. Salt Lake City, UT
Median home price: $360,000
Percentage of income needed to buy a home*: 30%
Unemployment rate: 2.9%
Salt Lake City
AndreyKrav/iStock
Salt Lake City has a lot more going for it than Mormons, the first KFC franchise (1952), and a big, briny body of water (the Great Salt Lake). There’s also a burgeoning tech scene that lures young people to companies like Adobe and Electronic Arts. In fact, the city has come to be known as “Silicon Slopes,” with homes at one-third of Silicon Valley prices and plenty of sweet skiing and boarding a short ride away.
Even those outside the tech biz have a good chance of snagging a nice gig—Salt Lake has the lowest unemployment rate of all the markets on our list, at 2.9%, well below the national unemployment rate of 4.7%.
And if your dream job hasn’t yet kicked in, there are plenty of cheap, fun things to do.
“This is an extremely livable, affordable city, especially for those that are just starting out,” says Brook Bernier, a Realtor with Equity Real Estate.
Adventure awaits in SLC’s many bike lanes and mountain bike trails. There’s even a Bike Prom (a costumed bike rally party) and Tour de Brewtah, which combines two of the (clichéd, but true) great loves of millennials: bikes and micro-brewed beers. The weekly farmers market even offers valet bike parking.
Millennial lure:  SLC may be known as a conservative place, but it was named the “Gayest City in the USA” in 2012 by the LGBT magazine the Advocate. It was ranked eighth last year.
2. Miami, FL
Median home price: $370,000
Percentage of income needed to buy a home: 49%
Unemployment rate: 5.1%
It’s not just sun birds or aging boomers who flock to Florida in droves, fleeing cold weather. So do millennials! The sunshine is nice, but young folk are attracted to a hopping scene with relatively affordable homes and decent job opportunities. Many find employment in tourism, international trading, and construction—the entire region is enjoying a building boom.
It’s not all work and no play, though. While the South Beach is known for its club scene, events like Calle Ocho Festival, Carnaval Miami, and Art Basel Miami  turn the entire city into a party. In addition to numerous art galleries and music venues, the Adrienne Arsht Center was opened in 2006 as the country’s second-largest performing arts center (after NYC’s Metropolitan Opera House).
Up-and-coming neighborhoods like Little Haiti and North Miami are getting fresh interest from young buyers, says Realtor Giovanna Calimano, of Yes Real Estate.
“A lot of these areas are developing little by little,” she says. “They’re hot because the houses there right now aren’t overpriced. People can live there while the communities are still developing and improving.”
Millennial lure: Beach culture—fun, sexy, and cheap (or, actually, free). What’s not to love?
3. Orlando, FL
Median home price: $279,000
Percentage of income needed to buy a home: 34%
Unemployment rate: 4.4%
Bike to Work Day in Orlando
CindyMurray/iStock
There’s much more to Orlando than theme parks, oversized mice, and sleepy time-shares overlooking golf courses. In fact, this fast-growing metro is getting a lot of serious attention from young people.
“You’ve got the best of both worlds,” says Realtor Lorisa Motko of Charles Rutenberg Realty. “You’ve got the beaches 45 minutes in any direction, and you have plenty of entertainment and nightlife for millennials.”
New mixed-use developments designed to appeal to both city-loving millennials and baby boomers (hey, what happened to Gen Xers, anyway?), many of which are pedestrian- and bicycle-friendly. Thornton Park, just east of downtown, has also become popular among younger homeowners seeking a unique historic neighborhood with cobbled streets and lined with bungalows.
The Orlando metro area leads Florida in job creation, and added 54,600 jobs in January, according to the Florida Department of Economic Opportunity.
Millennial lure:  Orlando was the birthplace of the megastar boy bands, ‘NSync and the Backstreet Boys, which dominated the airwaves back in the ’90s. And, in case you hadn’t heard, the ’90s are cool again … with millennials. Go figure.
4. Seattle, WA
Median home price: $455,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 4.2%
Seattle checks off quite a few items on the millennial home buyer’s list: well-paid jobs (at Amazon, Microsoft, and Costco) quality coffeehouses around almost every corner, more than 50 bike trails, and some of the country’s best tree-lined streets.
It’s also a welcoming place for nonconforming young people. The city had one of the nation’s biggest turnouts for the Women’s March on Jan. 21, hometown titan Starbucks announced a plan to hire refugees, and it’s the first major U.S. metro to approve a $15 minimum wage.
“Seattle is hip, it’s current, it’s progressive,” says Chris Bajuk, a broker at HomeSmart. “We’re at the leading edge of social and technology trends.”
Millennial lure:  The upscale marijuana shop Vela (it’s legal here!), with gleaming counters and an on-site processing lab, was labeled “the Louis Vuitton of weed stores” by none other than Snoop Dogg.
5. Houston, TX
Median home price: $310,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 5.4%
Houston, TX
CrackerClips/iStock
Good news for broke millennials: A paycheck in Houston stretches further than in other metros. Houston has the second-highest pay on our list, at $62,300, after adjusting for the cost of living, trailing only San Jose, according to Forbes. Plus, Texas is one of the only seven states with no income tax.
Granted, you may well find yourself fighting through Houston traffic, but several master-planned communities in the suburbs mix residential homes with businesses, so you may not even need to head downtown.
“Restaurants, bars, shops—it almost feels like an urban setting. It’s a very neat trend that’s going to take off,” says Cheri Fama, president of John Daugherty Realtors.
Millennial lure:  One of Houston’s more eccentric tourist attractions is the Beer Can House—the odd brainchild of retired upholsterer John Milkovisch, who covered his home with more than 50,000 flattened cans, bottles, and caps.
6. Los Angeles, CA
Median home price: $672,000
Percentage of income needed to buy a home: 64%
Unemployment rate: 4.7%
Los Angeles rooftop
Superb Images/Getty Images
Los Angeles is still “La La Land” for young people dreaming of a Hollywood career, waiting for that life-changing phone call while writing in a café, waiting tables, or driving for Lyft.
“Yes, a lot of people who want to break into the business still come here,” says Gwen Lane, a 33-year-old millennial who runs the blog The LA Girl. “For creatives, it’s such a good place to be.”
But a more recent arrival, the tech industry, is also making itself known—especially the stretch of ocean-adjacent Westside known as “Silicon Beach.” Here you’ll find the parent company of Snapchat; virtual reality hardware/software producer Oculus; and a major outpost of Google.
And despite a median home price of $672,000, there are still pockets of L.A. that are affordable. Northeast neighborhoods like Highland Park and Atwater Village, once dismissed as the boonies, are now among the trendiest choices for laying down roots. Downtown L.A. is vibrant again, and the newly expanded metro system offers options for getting around without a car. For even lower price tags, South Los Angeles is worth considering—the area is going through major changes, with new outdoor plazas, a farmers market, public gardens, and more than 1,000 apartments and condos.
Millennial lure: The Whiskey a Go Go, once the hometown club of the Doors, is still one of the country’s best joints to see up-and-coming bands.
7. Buffalo, NY
Median home price: $158,000
Percentage of income needed to buy a home: 23%
Unemployment rate: 5.6%
Buffalo’s inexpensive housing—the median home price is only $158,000—is particularly attractive to young people carrying mounds of college debt. Jobs are flowing in, too. Elon Musk’s SolarCity factory alone, a solar energy equipment supplier, promises 3,000 jobs.
“It’s a city where young people can make their presence felt, whereas in large cities like New York, it’s hard to make an impact,” says E. Frits Abell, chief operating officer of Green Machines, an eco-friendly machine manufacturer in Buffalo.
“Buffalo has a very conducive environment for entrepreneurs … people are also involved in charities, spend time fixing neighbors’ homes, or volunteer with refugee communities to make a positive social impact here.”
Among cities of similar size, Buffalo has a remarkable selection of cultural attractions. And after extensive renovation over the last decade or so, Buffalo has turned its waterfront into a recreation zone for skating and curling.
Millennial lure:  Buffalo’s Turkey Trot is the oldest annual public footrace in the nation. The 8K run was first held all the way back in 1896.
8. Albany, NY
Median home price: $250,000
Percentage of income needed to buy a home: 27%
Unemployment rate: 4.5%
New York State Museum in Albany, NY
DebraMillet/iStock
Albany, one of America’s first cities, is embracing a shining new future. Faded industrial districts in North Albany have become thriving enclaves, with colorful street life. The historic downtown of the state capital has witnessed a resurgence, with enough bars, hotels, and restaurants to justify a hipster’s guide to downtown.
“Albany is kicking it with the micro-brewery and cider business,” says Bill Pettit, a landscape painter who has lived in Albany since 1988. Pettit works with local art galleries and aspiring young artists for 1st Friday, a monthly event disseminating arts and culture throughout the city.
Albany has six colleges, including the State University of New York at Albany. Until recently, graduates vamoosed for better jobs, but now that the city has rebranded itself as a budding tech hub, many choose to stay. Companies like IBM and GlobalFoundries have set up research centers here, and the city is expected to fill 1,180 new software jobs by 2020, according to the New York Department of Labor.
Millennial lure:  There’s a surprisingly vibrant local indie band scene here. Really.
9. San Francisco, CA
Median home price: $849,000
Percentage of income needed to buy a home: 56%
Unemployment rate: 3.7%
The old adage goes, “San Francisco is a place where young people come to retire.” It’s less true today, given that the cost of living is freakishly high—median rent for a one-bedroom is $3,270, and the median price of a home is $849,000. Now the city is filling up with ambitious young tech folks who aren’t retiring anytime soon.
The young vibe is found in hoodies, ping-pong tables, and beer-stocked fridges in the offices of Airbnb, Pinterest, and lesser-known startups. It’s also present at company IPO parties or 20-something meetups in warehouse-turned-event spaces like the Folsom Street Foundry.
The whole city is basically a giant adult playground. Visit the Academy of Sciences with a drink in your hand during NightLife Thursdays, lie in Dolores Park on a sunny summer day and consider buying a marijuana-laced lollipop, or join a citywide scavenger hunt with your friends.
“It’s the best city ever for young designers,” says Lisa Zhang, 26, who studies interactive design at Academy of Art University. “I see inspiration everywhere, on streets, at bus stations. … I can’t imagine myself living anywhere else.”
Millennial lure: Everything.
10. San Jose, CA
Median home price: $950,000
Percentage of income needed to buy a home: 53%
Unemployment rate: 3.7%
Yes, housing prices in Silicon Valley are insane. With a median price of $950,000, a down payment in the San Jose metro market could buy you an entire house in much of the United States.
Perhaps the generous paychecks of Valley tech companies provide some justification. Year after year, ambitious young engineers come to work for companies like Apple, Cisco, and Netflix, and..
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repwinpril9y0a1 · 8 years
Text
Millennial Magnets: The Top 10 Cities Where Young People Want to Be
Orlando, FL (lightkey/iStock)
What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer. After all, as America’s largest and youngest adult generation, millennials have an insane amount of collective purchasing power, the power to move markets according to their whims—and the ability to do so for decades to come.
As a group, they’re also somewhat elusive. Are they aimless or driven? Apathetic or activist? IPhone or Android? Taco Bell or Chipotle?
Well, here’s something we do know: In ever-increasing numbers, they’re home buyers. In fact, they’re the biggest group of ’em in the nation. Sure, they’re devotees of the borrowers’ economy—eagerly sharing bikes, music, rides, vacation places, you name it—but like most generations before them, they’re hungry for home ownership. Buyers under 36 now make up the biggest chunk of Americans signing on the line that is dotted: 34% of all home buyers, according to the National Association of Realtors®. And they make up 64% of first-time home buyers (even though they only account for 13% of the population).
So if millennials are checking out your hometown, you’d best pay attention.
“There are some very specific things you see millennials looking for in a community right now,” says Jason Dorsey, chief strategy officer for the Center for Generational Kinetics, a marketing firm in Austin, TX. On the list of must-haves: supershort commutes, and amenities like parks, cultural centers, and restaurants. And yeah, maybe even some really fun stuff to do on a Thursday night. That’s because many of these 25- to 34-year-olds are delaying marriage and even a serious career, and want to enjoy the single life, he says.
As Dorsey points out, they also face an UberXL load of unique financial challenges: “College debt, thinner credit history, less savings—and all at a time when home prices have gone up. For many millennials, it’s much harder to buy houses.” On their path to ownership, they’re very much on the prowl for a bargain.
So what are the places that pique millennials’ interest? The realtor.com economic data team analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017.
Ready? Let’s take a closer look at these millennial magnets.
1. Salt Lake City, UT
Median home price: $360,000
Percentage of income needed to buy a home*: 30%
Unemployment rate: 2.9%
Salt Lake City
AndreyKrav/iStock
Salt Lake City has a lot more going for it than Mormons, the first KFC franchise (1952), and a big, briny body of water (the Great Salt Lake). There’s also a burgeoning tech scene that lures young people to companies like Adobe and Electronic Arts. In fact, the city has come to be known as “Silicon Slopes,” with homes at one-third of Silicon Valley prices and plenty of sweet skiing and boarding a short ride away.
Even those outside the tech biz have a good chance of snagging a nice gig—Salt Lake has the lowest unemployment rate of all the markets on our list, at 2.9%, well below the national unemployment rate of 4.7%.
And if your dream job hasn’t yet kicked in, there are plenty of cheap, fun things to do.
“This is an extremely livable, affordable city, especially for those that are just starting out,” says Brook Bernier, a Realtor with Equity Real Estate.
Adventure awaits in SLC’s many bike lanes and mountain bike trails. There’s even a Bike Prom (a costumed bike rally party) and Tour de Brewtah, which combines two of the (clichéd, but true) great loves of millennials: bikes and micro-brewed beers. The weekly farmers market even offers valet bike parking.
Millennial lure:  SLC may be known as a conservative place, but it was named the “Gayest City in the USA” in 2012 by the LGBT magazine the Advocate. It was ranked eighth last year.
2. Miami, FL
Median home price: $370,000
Percentage of income needed to buy a home: 49%
Unemployment rate: 5.1%
It’s not just sun birds or aging boomers who flock to Florida in droves, fleeing cold weather. So do millennials! The sunshine is nice, but young folk are attracted to a hopping scene with relatively affordable homes and decent job opportunities. Many find employment in tourism, international trading, and construction—the entire region is enjoying a building boom.
It’s not all work and no play, though. While the South Beach is known for its club scene, events like Calle Ocho Festival, Carnaval Miami, and Art Basel Miami  turn the entire city into a party. In addition to numerous art galleries and music venues, the Adrienne Arsht Center was opened in 2006 as the country’s second-largest performing arts center (after NYC’s Metropolitan Opera House).
Up-and-coming neighborhoods like Little Haiti and North Miami are getting fresh interest from young buyers, says Realtor Giovanna Calimano, of Yes Real Estate.
“A lot of these areas are developing little by little,” she says. “They’re hot because the houses there right now aren’t overpriced. People can live there while the communities are still developing and improving.”
Millennial lure: Beach culture—fun, sexy, and cheap (or, actually, free). What’s not to love?
3. Orlando, FL
Median home price: $279,000
Percentage of income needed to buy a home: 34%
Unemployment rate: 4.4%
Bike to Work Day in Orlando
CindyMurray/iStock
There’s much more to Orlando than theme parks, oversized mice, and sleepy time-shares overlooking golf courses. In fact, this fast-growing metro is getting a lot of serious attention from young people.
“You’ve got the best of both worlds,” says Realtor Lorisa Motko of Charles Rutenberg Realty. “You’ve got the beaches 45 minutes in any direction, and you have plenty of entertainment and nightlife for millennials.”
New mixed-use developments designed to appeal to both city-loving millennials and baby boomers (hey, what happened to Gen Xers, anyway?), many of which are pedestrian- and bicycle-friendly. Thornton Park, just east of downtown, has also become popular among younger homeowners seeking a unique historic neighborhood with cobbled streets and lined with bungalows.
The Orlando metro area leads Florida in job creation, and added 54,600 jobs in January, according to the Florida Department of Economic Opportunity.
Millennial lure:  Orlando was the birthplace of the megastar boy bands, ‘NSync and the Backstreet Boys, which dominated the airwaves back in the ’90s. And, in case you hadn’t heard, the ’90s are cool again … with millennials. Go figure.
4. Seattle, WA
Median home price: $455,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 4.2%
Seattle checks off quite a few items on the millennial home buyer’s list: well-paid jobs (at Amazon, Microsoft, and Costco) quality coffeehouses around almost every corner, more than 50 bike trails, and some of the country’s best tree-lined streets.
It’s also a welcoming place for nonconforming young people. The city had one of the nation’s biggest turnouts for the Women’s March on Jan. 21, hometown titan Starbucks announced a plan to hire refugees, and it’s the first major U.S. metro to approve a $15 minimum wage.
“Seattle is hip, it’s current, it’s progressive,” says Chris Bajuk, a broker at HomeSmart. “We’re at the leading edge of social and technology trends.”
Millennial lure:  The upscale marijuana shop Vela (it’s legal here!), with gleaming counters and an on-site processing lab, was labeled “the Louis Vuitton of weed stores” by none other than Snoop Dogg.
5. Houston, TX
Median home price: $310,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 5.4%
Houston, TX
CrackerClips/iStock
Good news for broke millennials: A paycheck in Houston stretches further than in other metros. Houston has the second-highest pay on our list, at $62,300, after adjusting for the cost of living, trailing only San Jose, according to Forbes. Plus, Texas is one of the only seven states with no income tax.
Granted, you may well find yourself fighting through Houston traffic, but several master-planned communities in the suburbs mix residential homes with businesses, so you may not even need to head downtown.
“Restaurants, bars, shops—it almost feels like an urban setting. It’s a very neat trend that’s going to take off,” says Cheri Fama, president of John Daugherty Realtors.
Millennial lure:  One of Houston’s more eccentric tourist attractions is the Beer Can House—the odd brainchild of retired upholsterer John Milkovisch, who covered his home with more than 50,000 flattened cans, bottles, and caps.
6. Los Angeles, CA
Median home price: $672,000
Percentage of income needed to buy a home: 64%
Unemployment rate: 4.7%
Los Angeles rooftop
Superb Images/Getty Images
Los Angeles is still “La La Land” for young people dreaming of a Hollywood career, waiting for that life-changing phone call while writing in a café, waiting tables, or driving for Lyft.
“Yes, a lot of people who want to break into the business still come here,” says Gwen Lane, a 33-year-old millennial who runs the blog The LA Girl. “For creatives, it’s such a good place to be.”
But a more recent arrival, the tech industry, is also making itself known—especially the stretch of ocean-adjacent Westside known as “Silicon Beach.” Here you’ll find the parent company of Snapchat; virtual reality hardware/software producer Oculus; and a major outpost of Google.
And despite a median home price of $672,000, there are still pockets of L.A. that are affordable. Northeast neighborhoods like Highland Park and Atwater Village, once dismissed as the boonies, are now among the trendiest choices for laying down roots. Downtown L.A. is vibrant again, and the newly expanded metro system offers options for getting around without a car. For even lower price tags, South Los Angeles is worth considering—the area is going through major changes, with new outdoor plazas, a farmers market, public gardens, and more than 1,000 apartments and condos.
Millennial lure: The Whiskey a Go Go, once the hometown club of the Doors, is still one of the country’s best joints to see up-and-coming bands.
7. Buffalo, NY
Median home price: $158,000
Percentage of income needed to buy a home: 23%
Unemployment rate: 5.6%
Buffalo’s inexpensive housing—the median home price is only $158,000—is particularly attractive to young people carrying mounds of college debt. Jobs are flowing in, too. Elon Musk’s SolarCity factory alone, a solar energy equipment supplier, promises 3,000 jobs.
“It’s a city where young people can make their presence felt, whereas in large cities like New York, it’s hard to make an impact,” says E. Frits Abell, chief operating officer of Green Machines, an eco-friendly machine manufacturer in Buffalo.
“Buffalo has a very conducive environment for entrepreneurs … people are also involved in charities, spend time fixing neighbors’ homes, or volunteer with refugee communities to make a positive social impact here.”
Among cities of similar size, Buffalo has a remarkable selection of cultural attractions. And after extensive renovation over the last decade or so, Buffalo has turned its waterfront into a recreation zone for skating and curling.
Millennial lure:  Buffalo’s Turkey Trot is the oldest annual public footrace in the nation. The 8K run was first held all the way back in 1896.
8. Albany, NY
Median home price: $250,000
Percentage of income needed to buy a home: 27%
Unemployment rate: 4.5%
New York State Museum in Albany, NY
DebraMillet/iStock
Albany, one of America’s first cities, is embracing a shining new future. Faded industrial districts in North Albany have become thriving enclaves, with colorful street life. The historic downtown of the state capital has witnessed a resurgence, with enough bars, hotels, and restaurants to justify a hipster’s guide to downtown.
“Albany is kicking it with the micro-brewery and cider business,” says Bill Pettit, a landscape painter who has lived in Albany since 1988. Pettit works with local art galleries and aspiring young artists for 1st Friday, a monthly event disseminating arts and culture throughout the city.
Albany has six colleges, including the State University of New York at Albany. Until recently, graduates vamoosed for better jobs, but now that the city has rebranded itself as a budding tech hub, many choose to stay. Companies like IBM and GlobalFoundries have set up research centers here, and the city is expected to fill 1,180 new software jobs by 2020, according to the New York Department of Labor.
Millennial lure:  There’s a surprisingly vibrant local indie band scene here. Really.
9. San Francisco, CA
Median home price: $849,000
Percentage of income needed to buy a home: 56%
Unemployment rate: 3.7%
The old adage goes, “San Francisco is a place where young people come to retire.” It’s less true today, given that the cost of living is freakishly high—median rent for a one-bedroom is $3,270, and the median price of a home is $849,000. Now the city is filling up with ambitious young tech folks who aren’t retiring anytime soon.
The young vibe is found in hoodies, ping-pong tables, and beer-stocked fridges in the offices of Airbnb, Pinterest, and lesser-known startups. It’s also present at company IPO parties or 20-something meetups in warehouse-turned-event spaces like the Folsom Street Foundry.
The whole city is basically a giant adult playground. Visit the Academy of Sciences with a drink in your hand during NightLife Thursdays, lie in Dolores Park on a sunny summer day and consider buying a marijuana-laced lollipop, or join a citywide scavenger hunt with your friends.
“It’s the best city ever for young designers,” says Lisa Zhang, 26, who studies interactive design at Academy of Art University. “I see inspiration everywhere, on streets, at bus stations. … I can’t imagine myself living anywhere else.”
Millennial lure: Everything.
10. San Jose, CA
Median home price: $950,000
Percentage of income needed to buy a home: 53%
Unemployment rate: 3.7%
Yes, housing prices in Silicon Valley are insane. With a median price of $950,000, a down payment in the San Jose metro market could buy you an entire house in much of the United States.
Perhaps the generous paychecks of Valley tech companies provide some justification. Year after year, ambitious young engineers come to work for companies like Apple, Cisco, and Netflix, and..
from DIYS http://ift.tt/2n9ilLy
0 notes
stormdoors78476 · 8 years
Text
Millennial Magnets: The Top 10 Cities Where Young People Want to Be
Orlando, FL (lightkey/iStock)
What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer. After all, as America’s largest and youngest adult generation, millennials have an insane amount of collective purchasing power, the power to move markets according to their whims—and the ability to do so for decades to come.
As a group, they’re also somewhat elusive. Are they aimless or driven? Apathetic or activist? IPhone or Android? Taco Bell or Chipotle?
Well, here’s something we do know: In ever-increasing numbers, they’re home buyers. In fact, they’re the biggest group of ’em in the nation. Sure, they’re devotees of the borrowers’ economy—eagerly sharing bikes, music, rides, vacation places, you name it—but like most generations before them, they’re hungry for home ownership. Buyers under 36 now make up the biggest chunk of Americans signing on the line that is dotted: 34% of all home buyers, according to the National Association of Realtors®. And they make up 64% of first-time home buyers (even though they only account for 13% of the population).
So if millennials are checking out your hometown, you’d best pay attention.
“There are some very specific things you see millennials looking for in a community right now,” says Jason Dorsey, chief strategy officer for the Center for Generational Kinetics, a marketing firm in Austin, TX. On the list of must-haves: supershort commutes, and amenities like parks, cultural centers, and restaurants. And yeah, maybe even some really fun stuff to do on a Thursday night. That’s because many of these 25- to 34-year-olds are delaying marriage and even a serious career, and want to enjoy the single life, he says.
As Dorsey points out, they also face an UberXL load of unique financial challenges: “College debt, thinner credit history, less savings—and all at a time when home prices have gone up. For many millennials, it’s much harder to buy houses.” On their path to ownership, they’re very much on the prowl for a bargain.
So what are the places that pique millennials’ interest? The realtor.com economic data team analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017.
Ready? Let’s take a closer look at these millennial magnets.
1. Salt Lake City, UT
Median home price: $360,000
Percentage of income needed to buy a home*: 30%
Unemployment rate: 2.9%
Salt Lake City
AndreyKrav/iStock
Salt Lake City has a lot more going for it than Mormons, the first KFC franchise (1952), and a big, briny body of water (the Great Salt Lake). There’s also a burgeoning tech scene that lures young people to companies like Adobe and Electronic Arts. In fact, the city has come to be known as “Silicon Slopes,” with homes at one-third of Silicon Valley prices and plenty of sweet skiing and boarding a short ride away.
Even those outside the tech biz have a good chance of snagging a nice gig—Salt Lake has the lowest unemployment rate of all the markets on our list, at 2.9%, well below the national unemployment rate of 4.7%.
And if your dream job hasn’t yet kicked in, there are plenty of cheap, fun things to do.
“This is an extremely livable, affordable city, especially for those that are just starting out,” says Brook Bernier, a Realtor with Equity Real Estate.
Adventure awaits in SLC’s many bike lanes and mountain bike trails. There’s even a Bike Prom (a costumed bike rally party) and Tour de Brewtah, which combines two of the (clichéd, but true) great loves of millennials: bikes and micro-brewed beers. The weekly farmers market even offers valet bike parking.
Millennial lure:  SLC may be known as a conservative place, but it was named the “Gayest City in the USA” in 2012 by the LGBT magazine the Advocate. It was ranked eighth last year.
2. Miami, FL
Median home price: $370,000
Percentage of income needed to buy a home: 49%
Unemployment rate: 5.1%
It’s not just sun birds or aging boomers who flock to Florida in droves, fleeing cold weather. So do millennials! The sunshine is nice, but young folk are attracted to a hopping scene with relatively affordable homes and decent job opportunities. Many find employment in tourism, international trading, and construction—the entire region is enjoying a building boom.
It’s not all work and no play, though. While the South Beach is known for its club scene, events like Calle Ocho Festival, Carnaval Miami, and Art Basel Miami  turn the entire city into a party. In addition to numerous art galleries and music venues, the Adrienne Arsht Center was opened in 2006 as the country’s second-largest performing arts center (after NYC’s Metropolitan Opera House).
Up-and-coming neighborhoods like Little Haiti and North Miami are getting fresh interest from young buyers, says Realtor Giovanna Calimano, of Yes Real Estate.
“A lot of these areas are developing little by little,” she says. “They’re hot because the houses there right now aren’t overpriced. People can live there while the communities are still developing and improving.”
Millennial lure: Beach culture—fun, sexy, and cheap (or, actually, free). What’s not to love?
3. Orlando, FL
Median home price: $279,000
Percentage of income needed to buy a home: 34%
Unemployment rate: 4.4%
Bike to Work Day in Orlando
CindyMurray/iStock
There’s much more to Orlando than theme parks, oversized mice, and sleepy time-shares overlooking golf courses. In fact, this fast-growing metro is getting a lot of serious attention from young people.
“You’ve got the best of both worlds,” says Realtor Lorisa Motko of Charles Rutenberg Realty. “You’ve got the beaches 45 minutes in any direction, and you have plenty of entertainment and nightlife for millennials.”
New mixed-use developments designed to appeal to both city-loving millennials and baby boomers (hey, what happened to Gen Xers, anyway?), many of which are pedestrian- and bicycle-friendly. Thornton Park, just east of downtown, has also become popular among younger homeowners seeking a unique historic neighborhood with cobbled streets and lined with bungalows.
The Orlando metro area leads Florida in job creation, and added 54,600 jobs in January, according to the Florida Department of Economic Opportunity.
Millennial lure:  Orlando was the birthplace of the megastar boy bands, ‘NSync and the Backstreet Boys, which dominated the airwaves back in the ’90s. And, in case you hadn’t heard, the ’90s are cool again … with millennials. Go figure.
4. Seattle, WA
Median home price: $455,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 4.2%
Seattle checks off quite a few items on the millennial home buyer’s list: well-paid jobs (at Amazon, Microsoft, and Costco) quality coffeehouses around almost every corner, more than 50 bike trails, and some of the country’s best tree-lined streets.
It’s also a welcoming place for nonconforming young people. The city had one of the nation’s biggest turnouts for the Women’s March on Jan. 21, hometown titan Starbucks announced a plan to hire refugees, and it’s the first major U.S. metro to approve a $15 minimum wage.
“Seattle is hip, it’s current, it’s progressive,” says Chris Bajuk, a broker at HomeSmart. “We’re at the leading edge of social and technology trends.”
Millennial lure:  The upscale marijuana shop Vela (it’s legal here!), with gleaming counters and an on-site processing lab, was labeled “the Louis Vuitton of weed stores” by none other than Snoop Dogg.
5. Houston, TX
Median home price: $310,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 5.4%
Houston, TX
CrackerClips/iStock
Good news for broke millennials: A paycheck in Houston stretches further than in other metros. Houston has the second-highest pay on our list, at $62,300, after adjusting for the cost of living, trailing only San Jose, according to Forbes. Plus, Texas is one of the only seven states with no income tax.
Granted, you may well find yourself fighting through Houston traffic, but several master-planned communities in the suburbs mix residential homes with businesses, so you may not even need to head downtown.
“Restaurants, bars, shops—it almost feels like an urban setting. It’s a very neat trend that’s going to take off,” says Cheri Fama, president of John Daugherty Realtors.
Millennial lure:  One of Houston’s more eccentric tourist attractions is the Beer Can House—the odd brainchild of retired upholsterer John Milkovisch, who covered his home with more than 50,000 flattened cans, bottles, and caps.
6. Los Angeles, CA
Median home price: $672,000
Percentage of income needed to buy a home: 64%
Unemployment rate: 4.7%
Los Angeles rooftop
Superb Images/Getty Images
Los Angeles is still “La La Land” for young people dreaming of a Hollywood career, waiting for that life-changing phone call while writing in a café, waiting tables, or driving for Lyft.
“Yes, a lot of people who want to break into the business still come here,” says Gwen Lane, a 33-year-old millennial who runs the blog The LA Girl. “For creatives, it’s such a good place to be.”
But a more recent arrival, the tech industry, is also making itself known—especially the stretch of ocean-adjacent Westside known as “Silicon Beach.” Here you’ll find the parent company of Snapchat; virtual reality hardware/software producer Oculus; and a major outpost of Google.
And despite a median home price of $672,000, there are still pockets of L.A. that are affordable. Northeast neighborhoods like Highland Park and Atwater Village, once dismissed as the boonies, are now among the trendiest choices for laying down roots. Downtown L.A. is vibrant again, and the newly expanded metro system offers options for getting around without a car. For even lower price tags, South Los Angeles is worth considering—the area is going through major changes, with new outdoor plazas, a farmers market, public gardens, and more than 1,000 apartments and condos.
Millennial lure: The Whiskey a Go Go, once the hometown club of the Doors, is still one of the country’s best joints to see up-and-coming bands.
7. Buffalo, NY
Median home price: $158,000
Percentage of income needed to buy a home: 23%
Unemployment rate: 5.6%
Buffalo’s inexpensive housing—the median home price is only $158,000—is particularly attractive to young people carrying mounds of college debt. Jobs are flowing in, too. Elon Musk’s SolarCity factory alone, a solar energy equipment supplier, promises 3,000 jobs.
“It’s a city where young people can make their presence felt, whereas in large cities like New York, it’s hard to make an impact,” says E. Frits Abell, chief operating officer of Green Machines, an eco-friendly machine manufacturer in Buffalo.
“Buffalo has a very conducive environment for entrepreneurs … people are also involved in charities, spend time fixing neighbors’ homes, or volunteer with refugee communities to make a positive social impact here.”
Among cities of similar size, Buffalo has a remarkable selection of cultural attractions. And after extensive renovation over the last decade or so, Buffalo has turned its waterfront into a recreation zone for skating and curling.
Millennial lure:  Buffalo’s Turkey Trot is the oldest annual public footrace in the nation. The 8K run was first held all the way back in 1896.
8. Albany, NY
Median home price: $250,000
Percentage of income needed to buy a home: 27%
Unemployment rate: 4.5%
New York State Museum in Albany, NY
DebraMillet/iStock
Albany, one of America’s first cities, is embracing a shining new future. Faded industrial districts in North Albany have become thriving enclaves, with colorful street life. The historic downtown of the state capital has witnessed a resurgence, with enough bars, hotels, and restaurants to justify a hipster’s guide to downtown.
“Albany is kicking it with the micro-brewery and cider business,” says Bill Pettit, a landscape painter who has lived in Albany since 1988. Pettit works with local art galleries and aspiring young artists for 1st Friday, a monthly event disseminating arts and culture throughout the city.
Albany has six colleges, including the State University of New York at Albany. Until recently, graduates vamoosed for better jobs, but now that the city has rebranded itself as a budding tech hub, many choose to stay. Companies like IBM and GlobalFoundries have set up research centers here, and the city is expected to fill 1,180 new software jobs by 2020, according to the New York Department of Labor.
Millennial lure:  There’s a surprisingly vibrant local indie band scene here. Really.
9. San Francisco, CA
Median home price: $849,000
Percentage of income needed to buy a home: 56%
Unemployment rate: 3.7%
The old adage goes, “San Francisco is a place where young people come to retire.” It’s less true today, given that the cost of living is freakishly high—median rent for a one-bedroom is $3,270, and the median price of a home is $849,000. Now the city is filling up with ambitious young tech folks who aren’t retiring anytime soon.
The young vibe is found in hoodies, ping-pong tables, and beer-stocked fridges in the offices of Airbnb, Pinterest, and lesser-known startups. It’s also present at company IPO parties or 20-something meetups in warehouse-turned-event spaces like the Folsom Street Foundry.
The whole city is basically a giant adult playground. Visit the Academy of Sciences with a drink in your hand during NightLife Thursdays, lie in Dolores Park on a sunny summer day and consider buying a marijuana-laced lollipop, or join a citywide scavenger hunt with your friends.
“It’s the best city ever for young designers,” says Lisa Zhang, 26, who studies interactive design at Academy of Art University. “I see inspiration everywhere, on streets, at bus stations. … I can’t imagine myself living anywhere else.”
Millennial lure: Everything.
10. San Jose, CA
Median home price: $950,000
Percentage of income needed to buy a home: 53%
Unemployment rate: 3.7%
Yes, housing prices in Silicon Valley are insane. With a median price of $950,000, a down payment in the San Jose metro market could buy you an entire house in much of the United States.
Perhaps the generous paychecks of Valley tech companies provide some justification. Year after year, ambitious young engineers come to work for companies like Apple, Cisco, and Netflix, and..
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Millennial Magnets: The Top 10 Cities Where Young People Want to Be
Orlando, FL (lightkey/iStock)
What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer. After all, as America’s largest and youngest adult generation, millennials have an insane amount of collective purchasing power, the power to move markets according to their whims—and the ability to do so for decades to come.
As a group, they’re also somewhat elusive. Are they aimless or driven? Apathetic or activist? IPhone or Android? Taco Bell or Chipotle?
Well, here’s something we do know: In ever-increasing numbers, they’re home buyers. In fact, they’re the biggest group of ’em in the nation. Sure, they’re devotees of the borrowers’ economy—eagerly sharing bikes, music, rides, vacation places, you name it—but like most generations before them, they’re hungry for home ownership. Buyers under 36 now make up the biggest chunk of Americans signing on the line that is dotted: 34% of all home buyers, according to the National Association of Realtors®. And they make up 64% of first-time home buyers (even though they only account for 13% of the population).
So if millennials are checking out your hometown, you’d best pay attention.
“There are some very specific things you see millennials looking for in a community right now,” says Jason Dorsey, chief strategy officer for the Center for Generational Kinetics, a marketing firm in Austin, TX. On the list of must-haves: supershort commutes, and amenities like parks, cultural centers, and restaurants. And yeah, maybe even some really fun stuff to do on a Thursday night. That’s because many of these 25- to 34-year-olds are delaying marriage and even a serious career, and want to enjoy the single life, he says.
As Dorsey points out, they also face an UberXL load of unique financial challenges: “College debt, thinner credit history, less savings—and all at a time when home prices have gone up. For many millennials, it’s much harder to buy houses.” On their path to ownership, they’re very much on the prowl for a bargain.
So what are the places that pique millennials’ interest? The realtor.com economic data team analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017.
Ready? Let’s take a closer look at these millennial magnets.
1. Salt Lake City, UT
Median home price: $360,000
Percentage of income needed to buy a home*: 30%
Unemployment rate: 2.9%
Salt Lake City
AndreyKrav/iStock
Salt Lake City has a lot more going for it than Mormons, the first KFC franchise (1952), and a big, briny body of water (the Great Salt Lake). There’s also a burgeoning tech scene that lures young people to companies like Adobe and Electronic Arts. In fact, the city has come to be known as “Silicon Slopes,” with homes at one-third of Silicon Valley prices and plenty of sweet skiing and boarding a short ride away.
Even those outside the tech biz have a good chance of snagging a nice gig—Salt Lake has the lowest unemployment rate of all the markets on our list, at 2.9%, well below the national unemployment rate of 4.7%.
And if your dream job hasn’t yet kicked in, there are plenty of cheap, fun things to do.
“This is an extremely livable, affordable city, especially for those that are just starting out,” says Brook Bernier, a Realtor with Equity Real Estate.
Adventure awaits in SLC’s many bike lanes and mountain bike trails. There’s even a Bike Prom (a costumed bike rally party) and Tour de Brewtah, which combines two of the (clichéd, but true) great loves of millennials: bikes and micro-brewed beers. The weekly farmers market even offers valet bike parking.
Millennial lure:  SLC may be known as a conservative place, but it was named the “Gayest City in the USA” in 2012 by the LGBT magazine the Advocate. It was ranked eighth last year.
2. Miami, FL
Median home price: $370,000
Percentage of income needed to buy a home: 49%
Unemployment rate: 5.1%
It’s not just sun birds or aging boomers who flock to Florida in droves, fleeing cold weather. So do millennials! The sunshine is nice, but young folk are attracted to a hopping scene with relatively affordable homes and decent job opportunities. Many find employment in tourism, international trading, and construction—the entire region is enjoying a building boom.
It’s not all work and no play, though. While the South Beach is known for its club scene, events like Calle Ocho Festival, Carnaval Miami, and Art Basel Miami  turn the entire city into a party. In addition to numerous art galleries and music venues, the Adrienne Arsht Center was opened in 2006 as the country’s second-largest performing arts center (after NYC’s Metropolitan Opera House).
Up-and-coming neighborhoods like Little Haiti and North Miami are getting fresh interest from young buyers, says Realtor Giovanna Calimano, of Yes Real Estate.
“A lot of these areas are developing little by little,” she says. “They’re hot because the houses there right now aren’t overpriced. People can live there while the communities are still developing and improving.”
Millennial lure: Beach culture—fun, sexy, and cheap (or, actually, free). What’s not to love?
3. Orlando, FL
Median home price: $279,000
Percentage of income needed to buy a home: 34%
Unemployment rate: 4.4%
Bike to Work Day in Orlando
CindyMurray/iStock
There’s much more to Orlando than theme parks, oversized mice, and sleepy time-shares overlooking golf courses. In fact, this fast-growing metro is getting a lot of serious attention from young people.
“You’ve got the best of both worlds,” says Realtor Lorisa Motko of Charles Rutenberg Realty. “You’ve got the beaches 45 minutes in any direction, and you have plenty of entertainment and nightlife for millennials.”
New mixed-use developments designed to appeal to both city-loving millennials and baby boomers (hey, what happened to Gen Xers, anyway?), many of which are pedestrian- and bicycle-friendly. Thornton Park, just east of downtown, has also become popular among younger homeowners seeking a unique historic neighborhood with cobbled streets and lined with bungalows.
The Orlando metro area leads Florida in job creation, and added 54,600 jobs in January, according to the Florida Department of Economic Opportunity.
Millennial lure:  Orlando was the birthplace of the megastar boy bands, ‘NSync and the Backstreet Boys, which dominated the airwaves back in the ’90s. And, in case you hadn’t heard, the ’90s are cool again … with millennials. Go figure.
4. Seattle, WA
Median home price: $455,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 4.2%
Seattle checks off quite a few items on the millennial home buyer’s list: well-paid jobs (at Amazon, Microsoft, and Costco) quality coffeehouses around almost every corner, more than 50 bike trails, and some of the country’s best tree-lined streets.
It’s also a welcoming place for nonconforming young people. The city had one of the nation’s biggest turnouts for the Women’s March on Jan. 21, hometown titan Starbucks announced a plan to hire refugees, and it’s the first major U.S. metro to approve a $15 minimum wage.
“Seattle is hip, it’s current, it’s progressive,” says Chris Bajuk, a broker at HomeSmart. “We’re at the leading edge of social and technology trends.”
Millennial lure:  The upscale marijuana shop Vela (it’s legal here!), with gleaming counters and an on-site processing lab, was labeled “the Louis Vuitton of weed stores” by none other than Snoop Dogg.
5. Houston, TX
Median home price: $310,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 5.4%
Houston, TX
CrackerClips/iStock
Good news for broke millennials: A paycheck in Houston stretches further than in other metros. Houston has the second-highest pay on our list, at $62,300, after adjusting for the cost of living, trailing only San Jose, according to Forbes. Plus, Texas is one of the only seven states with no income tax.
Granted, you may well find yourself fighting through Houston traffic, but several master-planned communities in the suburbs mix residential homes with businesses, so you may not even need to head downtown.
“Restaurants, bars, shops—it almost feels like an urban setting. It’s a very neat trend that’s going to take off,” says Cheri Fama, president of John Daugherty Realtors.
Millennial lure:  One of Houston’s more eccentric tourist attractions is the Beer Can House—the odd brainchild of retired upholsterer John Milkovisch, who covered his home with more than 50,000 flattened cans, bottles, and caps.
6. Los Angeles, CA
Median home price: $672,000
Percentage of income needed to buy a home: 64%
Unemployment rate: 4.7%
Los Angeles rooftop
Superb Images/Getty Images
Los Angeles is still “La La Land” for young people dreaming of a Hollywood career, waiting for that life-changing phone call while writing in a café, waiting tables, or driving for Lyft.
“Yes, a lot of people who want to break into the business still come here,” says Gwen Lane, a 33-year-old millennial who runs the blog The LA Girl. “For creatives, it’s such a good place to be.”
But a more recent arrival, the tech industry, is also making itself known—especially the stretch of ocean-adjacent Westside known as “Silicon Beach.” Here you’ll find the parent company of Snapchat; virtual reality hardware/software producer Oculus; and a major outpost of Google.
And despite a median home price of $672,000, there are still pockets of L.A. that are affordable. Northeast neighborhoods like Highland Park and Atwater Village, once dismissed as the boonies, are now among the trendiest choices for laying down roots. Downtown L.A. is vibrant again, and the newly expanded metro system offers options for getting around without a car. For even lower price tags, South Los Angeles is worth considering—the area is going through major changes, with new outdoor plazas, a farmers market, public gardens, and more than 1,000 apartments and condos.
Millennial lure: The Whiskey a Go Go, once the hometown club of the Doors, is still one of the country’s best joints to see up-and-coming bands.
7. Buffalo, NY
Median home price: $158,000
Percentage of income needed to buy a home: 23%
Unemployment rate: 5.6%
Buffalo’s inexpensive housing—the median home price is only $158,000—is particularly attractive to young people carrying mounds of college debt. Jobs are flowing in, too. Elon Musk’s SolarCity factory alone, a solar energy equipment supplier, promises 3,000 jobs.
“It’s a city where young people can make their presence felt, whereas in large cities like New York, it’s hard to make an impact,” says E. Frits Abell, chief operating officer of Green Machines, an eco-friendly machine manufacturer in Buffalo.
“Buffalo has a very conducive environment for entrepreneurs … people are also involved in charities, spend time fixing neighbors’ homes, or volunteer with refugee communities to make a positive social impact here.”
Among cities of similar size, Buffalo has a remarkable selection of cultural attractions. And after extensive renovation over the last decade or so, Buffalo has turned its waterfront into a recreation zone for skating and curling.
Millennial lure:  Buffalo’s Turkey Trot is the oldest annual public footrace in the nation. The 8K run was first held all the way back in 1896.
8. Albany, NY
Median home price: $250,000
Percentage of income needed to buy a home: 27%
Unemployment rate: 4.5%
New York State Museum in Albany, NY
DebraMillet/iStock
Albany, one of America’s first cities, is embracing a shining new future. Faded industrial districts in North Albany have become thriving enclaves, with colorful street life. The historic downtown of the state capital has witnessed a resurgence, with enough bars, hotels, and restaurants to justify a hipster’s guide to downtown.
“Albany is kicking it with the micro-brewery and cider business,” says Bill Pettit, a landscape painter who has lived in Albany since 1988. Pettit works with local art galleries and aspiring young artists for 1st Friday, a monthly event disseminating arts and culture throughout the city.
Albany has six colleges, including the State University of New York at Albany. Until recently, graduates vamoosed for better jobs, but now that the city has rebranded itself as a budding tech hub, many choose to stay. Companies like IBM and GlobalFoundries have set up research centers here, and the city is expected to fill 1,180 new software jobs by 2020, according to the New York Department of Labor.
Millennial lure:  There’s a surprisingly vibrant local indie band scene here. Really.
9. San Francisco, CA
Median home price: $849,000
Percentage of income needed to buy a home: 56%
Unemployment rate: 3.7%
The old adage goes, “San Francisco is a place where young people come to retire.” It’s less true today, given that the cost of living is freakishly high—median rent for a one-bedroom is $3,270, and the median price of a home is $849,000. Now the city is filling up with ambitious young tech folks who aren’t retiring anytime soon.
The young vibe is found in hoodies, ping-pong tables, and beer-stocked fridges in the offices of Airbnb, Pinterest, and lesser-known startups. It’s also present at company IPO parties or 20-something meetups in warehouse-turned-event spaces like the Folsom Street Foundry.
The whole city is basically a giant adult playground. Visit the Academy of Sciences with a drink in your hand during NightLife Thursdays, lie in Dolores Park on a sunny summer day and consider buying a marijuana-laced lollipop, or join a citywide scavenger hunt with your friends.
“It’s the best city ever for young designers,” says Lisa Zhang, 26, who studies interactive design at Academy of Art University. “I see inspiration everywhere, on streets, at bus stations. … I can’t imagine myself living anywhere else.”
Millennial lure: Everything.
10. San Jose, CA
Median home price: $950,000
Percentage of income needed to buy a home: 53%
Unemployment rate: 3.7%
Yes, housing prices in Silicon Valley are insane. With a median price of $950,000, a down payment in the San Jose metro market could buy you an entire house in much of the United States.
Perhaps the generous paychecks of Valley tech companies provide some justification. Year after year, ambitious young engineers come to work for companies like Apple, Cisco, and Netflix, and..
from DIYS http://ift.tt/2n9ilLy
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pat78701 · 8 years
Text
Millennial Magnets: The Top 10 Cities Where Young People Want to Be
Orlando, FL (lightkey/iStock)
What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer. After all, as America’s largest and youngest adult generation, millennials have an insane amount of collective purchasing power, the power to move markets according to their whims—and the ability to do so for decades to come.
As a group, they’re also somewhat elusive. Are they aimless or driven? Apathetic or activist? IPhone or Android? Taco Bell or Chipotle?
Well, here’s something we do know: In ever-increasing numbers, they’re home buyers. In fact, they’re the biggest group of ’em in the nation. Sure, they’re devotees of the borrowers’ economy—eagerly sharing bikes, music, rides, vacation places, you name it—but like most generations before them, they’re hungry for home ownership. Buyers under 36 now make up the biggest chunk of Americans signing on the line that is dotted: 34% of all home buyers, according to the National Association of Realtors®. And they make up 64% of first-time home buyers (even though they only account for 13% of the population).
So if millennials are checking out your hometown, you’d best pay attention.
“There are some very specific things you see millennials looking for in a community right now,” says Jason Dorsey, chief strategy officer for the Center for Generational Kinetics, a marketing firm in Austin, TX. On the list of must-haves: supershort commutes, and amenities like parks, cultural centers, and restaurants. And yeah, maybe even some really fun stuff to do on a Thursday night. That’s because many of these 25- to 34-year-olds are delaying marriage and even a serious career, and want to enjoy the single life, he says.
As Dorsey points out, they also face an UberXL load of unique financial challenges: “College debt, thinner credit history, less savings—and all at a time when home prices have gone up. For many millennials, it’s much harder to buy houses.” On their path to ownership, they’re very much on the prowl for a bargain.
So what are the places that pique millennials’ interest? The realtor.com economic data team analyzed the 60 largest U.S. cities and how much millennials were checking out listings in those areas, compared with the national average, from August 2016 to February 2017.
Ready? Let’s take a closer look at these millennial magnets.
1. Salt Lake City, UT
Median home price: $360,000
Percentage of income needed to buy a home*: 30%
Unemployment rate: 2.9%
Salt Lake City
AndreyKrav/iStock
Salt Lake City has a lot more going for it than Mormons, the first KFC franchise (1952), and a big, briny body of water (the Great Salt Lake). There’s also a burgeoning tech scene that lures young people to companies like Adobe and Electronic Arts. In fact, the city has come to be known as “Silicon Slopes,” with homes at one-third of Silicon Valley prices and plenty of sweet skiing and boarding a short ride away.
Even those outside the tech biz have a good chance of snagging a nice gig—Salt Lake has the lowest unemployment rate of all the markets on our list, at 2.9%, well below the national unemployment rate of 4.7%.
And if your dream job hasn’t yet kicked in, there are plenty of cheap, fun things to do.
“This is an extremely livable, affordable city, especially for those that are just starting out,” says Brook Bernier, a Realtor with Equity Real Estate.
Adventure awaits in SLC’s many bike lanes and mountain bike trails. There’s even a Bike Prom (a costumed bike rally party) and Tour de Brewtah, which combines two of the (clichéd, but true) great loves of millennials: bikes and micro-brewed beers. The weekly farmers market even offers valet bike parking.
Millennial lure:  SLC may be known as a conservative place, but it was named the “Gayest City in the USA” in 2012 by the LGBT magazine the Advocate. It was ranked eighth last year.
2. Miami, FL
Median home price: $370,000
Percentage of income needed to buy a home: 49%
Unemployment rate: 5.1%
It’s not just sun birds or aging boomers who flock to Florida in droves, fleeing cold weather. So do millennials! The sunshine is nice, but young folk are attracted to a hopping scene with relatively affordable homes and decent job opportunities. Many find employment in tourism, international trading, and construction—the entire region is enjoying a building boom.
It’s not all work and no play, though. While the South Beach is known for its club scene, events like Calle Ocho Festival, Carnaval Miami, and Art Basel Miami  turn the entire city into a party. In addition to numerous art galleries and music venues, the Adrienne Arsht Center was opened in 2006 as the country’s second-largest performing arts center (after NYC’s Metropolitan Opera House).
Up-and-coming neighborhoods like Little Haiti and North Miami are getting fresh interest from young buyers, says Realtor Giovanna Calimano, of Yes Real Estate.
“A lot of these areas are developing little by little,” she says. “They’re hot because the houses there right now aren’t overpriced. People can live there while the communities are still developing and improving.”
Millennial lure: Beach culture—fun, sexy, and cheap (or, actually, free). What’s not to love?
3. Orlando, FL
Median home price: $279,000
Percentage of income needed to buy a home: 34%
Unemployment rate: 4.4%
Bike to Work Day in Orlando
CindyMurray/iStock
There’s much more to Orlando than theme parks, oversized mice, and sleepy time-shares overlooking golf courses. In fact, this fast-growing metro is getting a lot of serious attention from young people.
“You’ve got the best of both worlds,” says Realtor Lorisa Motko of Charles Rutenberg Realty. “You’ve got the beaches 45 minutes in any direction, and you have plenty of entertainment and nightlife for millennials.”
New mixed-use developments designed to appeal to both city-loving millennials and baby boomers (hey, what happened to Gen Xers, anyway?), many of which are pedestrian- and bicycle-friendly. Thornton Park, just east of downtown, has also become popular among younger homeowners seeking a unique historic neighborhood with cobbled streets and lined with bungalows.
The Orlando metro area leads Florida in job creation, and added 54,600 jobs in January, according to the Florida Department of Economic Opportunity.
Millennial lure:  Orlando was the birthplace of the megastar boy bands, ‘NSync and the Backstreet Boys, which dominated the airwaves back in the ’90s. And, in case you hadn’t heard, the ’90s are cool again … with millennials. Go figure.
4. Seattle, WA
Median home price: $455,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 4.2%
Seattle checks off quite a few items on the millennial home buyer’s list: well-paid jobs (at Amazon, Microsoft, and Costco) quality coffeehouses around almost every corner, more than 50 bike trails, and some of the country’s best tree-lined streets.
It’s also a welcoming place for nonconforming young people. The city had one of the nation’s biggest turnouts for the Women’s March on Jan. 21, hometown titan Starbucks announced a plan to hire refugees, and it’s the first major U.S. metro to approve a $15 minimum wage.
“Seattle is hip, it’s current, it’s progressive,” says Chris Bajuk, a broker at HomeSmart. “We’re at the leading edge of social and technology trends.”
Millennial lure:  The upscale marijuana shop Vela (it’s legal here!), with gleaming counters and an on-site processing lab, was labeled “the Louis Vuitton of weed stores” by none other than Snoop Dogg.
5. Houston, TX
Median home price: $310,000
Percentage of income needed to buy a home: 36%
Unemployment rate: 5.4%
Houston, TX
CrackerClips/iStock
Good news for broke millennials: A paycheck in Houston stretches further than in other metros. Houston has the second-highest pay on our list, at $62,300, after adjusting for the cost of living, trailing only San Jose, according to Forbes. Plus, Texas is one of the only seven states with no income tax.
Granted, you may well find yourself fighting through Houston traffic, but several master-planned communities in the suburbs mix residential homes with businesses, so you may not even need to head downtown.
“Restaurants, bars, shops—it almost feels like an urban setting. It’s a very neat trend that’s going to take off,” says Cheri Fama, president of John Daugherty Realtors.
Millennial lure:  One of Houston’s more eccentric tourist attractions is the Beer Can House—the odd brainchild of retired upholsterer John Milkovisch, who covered his home with more than 50,000 flattened cans, bottles, and caps.
6. Los Angeles, CA
Median home price: $672,000
Percentage of income needed to buy a home: 64%
Unemployment rate: 4.7%
Los Angeles rooftop
Superb Images/Getty Images
Los Angeles is still “La La Land” for young people dreaming of a Hollywood career, waiting for that life-changing phone call while writing in a café, waiting tables, or driving for Lyft.
“Yes, a lot of people who want to break into the business still come here,” says Gwen Lane, a 33-year-old millennial who runs the blog The LA Girl. “For creatives, it’s such a good place to be.”
But a more recent arrival, the tech industry, is also making itself known—especially the stretch of ocean-adjacent Westside known as “Silicon Beach.” Here you’ll find the parent company of Snapchat; virtual reality hardware/software producer Oculus; and a major outpost of Google.
And despite a median home price of $672,000, there are still pockets of L.A. that are affordable. Northeast neighborhoods like Highland Park and Atwater Village, once dismissed as the boonies, are now among the trendiest choices for laying down roots. Downtown L.A. is vibrant again, and the newly expanded metro system offers options for getting around without a car. For even lower price tags, South Los Angeles is worth considering—the area is going through major changes, with new outdoor plazas, a farmers market, public gardens, and more than 1,000 apartments and condos.
Millennial lure: The Whiskey a Go Go, once the hometown club of the Doors, is still one of the country’s best joints to see up-and-coming bands.
7. Buffalo, NY
Median home price: $158,000
Percentage of income needed to buy a home: 23%
Unemployment rate: 5.6%
Buffalo’s inexpensive housing—the median home price is only $158,000—is particularly attractive to young people carrying mounds of college debt. Jobs are flowing in, too. Elon Musk’s SolarCity factory alone, a solar energy equipment supplier, promises 3,000 jobs.
“It’s a city where young people can make their presence felt, whereas in large cities like New York, it’s hard to make an impact,” says E. Frits Abell, chief operating officer of Green Machines, an eco-friendly machine manufacturer in Buffalo.
“Buffalo has a very conducive environment for entrepreneurs … people are also involved in charities, spend time fixing neighbors’ homes, or volunteer with refugee communities to make a positive social impact here.”
Among cities of similar size, Buffalo has a remarkable selection of cultural attractions. And after extensive renovation over the last decade or so, Buffalo has turned its waterfront into a recreation zone for skating and curling.
Millennial lure:  Buffalo’s Turkey Trot is the oldest annual public footrace in the nation. The 8K run was first held all the way back in 1896.
8. Albany, NY
Median home price: $250,000
Percentage of income needed to buy a home: 27%
Unemployment rate: 4.5%
New York State Museum in Albany, NY
DebraMillet/iStock
Albany, one of America’s first cities, is embracing a shining new future. Faded industrial districts in North Albany have become thriving enclaves, with colorful street life. The historic downtown of the state capital has witnessed a resurgence, with enough bars, hotels, and restaurants to justify a hipster’s guide to downtown.
“Albany is kicking it with the micro-brewery and cider business,” says Bill Pettit, a landscape painter who has lived in Albany since 1988. Pettit works with local art galleries and aspiring young artists for 1st Friday, a monthly event disseminating arts and culture throughout the city.
Albany has six colleges, including the State University of New York at Albany. Until recently, graduates vamoosed for better jobs, but now that the city has rebranded itself as a budding tech hub, many choose to stay. Companies like IBM and GlobalFoundries have set up research centers here, and the city is expected to fill 1,180 new software jobs by 2020, according to the New York Department of Labor.
Millennial lure:  There’s a surprisingly vibrant local indie band scene here. Really.
9. San Francisco, CA
Median home price: $849,000
Percentage of income needed to buy a home: 56%
Unemployment rate: 3.7%
The old adage goes, “San Francisco is a place where young people come to retire.” It’s less true today, given that the cost of living is freakishly high—median rent for a one-bedroom is $3,270, and the median price of a home is $849,000. Now the city is filling up with ambitious young tech folks who aren’t retiring anytime soon.
The young vibe is found in hoodies, ping-pong tables, and beer-stocked fridges in the offices of Airbnb, Pinterest, and lesser-known startups. It’s also present at company IPO parties or 20-something meetups in warehouse-turned-event spaces like the Folsom Street Foundry.
The whole city is basically a giant adult playground. Visit the Academy of Sciences with a drink in your hand during NightLife Thursdays, lie in Dolores Park on a sunny summer day and consider buying a marijuana-laced lollipop, or join a citywide scavenger hunt with your friends.
“It’s the best city ever for young designers,” says Lisa Zhang, 26, who studies interactive design at Academy of Art University. “I see inspiration everywhere, on streets, at bus stations. … I can’t imagine myself living anywhere else.”
Millennial lure: Everything.
10. San Jose, CA
Median home price: $950,000
Percentage of income needed to buy a home: 53%
Unemployment rate: 3.7%
Yes, housing prices in Silicon Valley are insane. With a median price of $950,000, a down payment in the San Jose metro market could buy you an entire house in much of the United States.
Perhaps the generous paychecks of Valley tech companies provide some justification. Year after year, ambitious young engineers come to work for companies like Apple, Cisco, and Netflix, and..
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