Cheap Old Homes Draw Millennials Escaping Pandemic Cages
COVID-19 is helping younger Americans realize their homeownership dreams
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.
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