Remote Work Fueling Millennial Interest In Cheap Old Houses

The video discusses the trend of buying affordable homes in rural areas, particularly in Wheeling, WV, where homes are significantly cheaper than in major cities. Betsy Sweeney's purchase of a large home for a fraction of the cost highlights this trend. The 'Cheap Old Houses' movement, popularized on Instagram, has gained traction, especially among millennials seeking affordable housing. However, these homes often require costly renovations, posing financial challenges. This trend is part of a broader 'great reshuffling' of how Americans live, potentially revitalizing rural areas with new energy and capital.

What is the main focus of the 'Cheap Old Houses' website?

• Selling luxury homes in urban areas

• Promoting affordable homes in rural locations

• Listing rental properties in major cities

• Advertising vacation homes

How has the pandemic affected interest in rural homes?

• It has increased interest as people seek more space

• It has had no impact on housing trends

• It has decreased interest due to remote work

• It has led to a decline in home prices

Why do millennials make up a significant portion of the 'Cheap Old Houses' audience?

• They prefer living in rural areas

• They face challenges affording rent in urban areas

• They are looking for investment opportunities

• They have a higher homeownership rate than previous generations

What is a common reason for the low cost of these old homes?

• They come with large plots of land

• They are newly built properties

• They require significant renovations

• They are located in high-demand areas

What potential impact could the trend of buying cheap old homes have on rural areas?

• It may result in a housing surplus

• It might cause a decrease in local property values

• It could lead to urbanization of rural areas

• It could inject capital and energy into these areas