Cheap Old Homes Draw U.S. Millennials Escaping Pandemic Cages
American millennials with budget constraints are breaking out of their pandemic coops to find affordable dream homes in far-flung places.
For funeral home director Kate Reinhart, from Utah, that dream is an octagonal Victorian that recalls the macabre Addams Family mansion seen in cartoons, films and a TV series.
It helped that her scientist husband Cameron found his first job near Norwich, Connecticut, a town with one of the largest concentrations of 18th- and early 19th-century houses in New England.
For just $85,000 the couple bought the 1885 house replete with stained glass, artisanal light fixtures and winding banisters. They plan to put some $100,000 into a massive renovation.
A net 70,000 people left the New York metropolitan region in 2020 and more millennials may leave big cities even after the pandemic is over.