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 factors have contributed to the increase in interest in rural houses during the pandemic?

What role does social media play in the trend of buying cheap old houses?

How does the homeownership rate of millennials compare to previous generations?

What challenges do buyers face when purchasing old homes?

What is the significance of the term 'great reshuffling' in the context of housing?