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The state that left millennials behind
  + stars: | 2024-01-04 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +3 min
Millennials might be stuck California dreaming — and not able to do much more than fantasize. In the Golden State, homeownership is becoming more elusive, especially for millennials. In California, just about 38% of people ages 35 to 45 can say the same. That's not to say that millennials outside California are experiencing completely smooth sailing. A RentCafe analysis found that just over half of millennials now own, not rent.
Persons: Millennials —, That's, millennials, Insider's Kelsey Neubauer, Noah Sheidlower, Texas's Organizations: Golden State, Terner Center, Housing Innovation, UC Berkeley, National Association of Realtors, Survey Locations: California, Golden, it's, New York, Midwest, Texas , Arizona, Florida, Texas
"The appreciation rates that we've seen in South Florida have been much higher than the national average," Bordenaro said. Newcomers moving to Florida have also been shocked at property tax bills that are higher than they expected, Insider's Kelsey Neubauer reported. Because of rising sea levels, many homes in South Florida are at a higher risk for disaster, which makes it more expensive to insure them. According to Bordenaro, Miami is attempting to alleviate the traffic issue by constructing more lanes and new exits, but the going road work only leads to more traffic. "Depending on where you come from, it can be tough to make friends with the locals," Bordenaro said.
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