JULIA SPENCER-FLEMING: There are certain achievements, as you grow and mature, that help self define you as an adult. Alas, no one hands out a "graduation from adolescence" diploma and a card from Grandma with $100, but these milestones confirm to each of us that we are, really and truly, grown-ups: buying a car. Starting a family. Getting married. Living on your own in the Big City. Snagging that real, career-building job. And of course, especially here in the US, buying a house.
Ladies and gentlemen, please let me introduce you to Maine's newest homeowner, my daughter Victoria.
It's been a long, hard slog for the Maine Millennial. She moved back in with me after breaking up with the then-boyfriend and intended to begin looking for a house a few months later... in spring 2020. Ouch. Then in April she got laid off, as the company she worked for - which primarily sold to gyms and municipalities - saw the writing on the wall and did a 20% reduction in force.
She was hired at the hospital she's now at in November 2020, and started the clock ticking; she knew from talking to our credit union's loan officer that she would need to be employed for a year in order to qualify for a mortgage. Meanwhile, as work-from home allowed people to cut the commuting cord, lots of folks realized they wanted to live in Maine. Housing prices rose 24% from '20 to '21 and another 17% from March 21' to March '22.
It hasn't helped that here, as in many spots in the US, housing construction collapsed in the Great Recession and still hasn't caught up to anything near the demand for homes as the largest generation in our history - that's right, Boomers, it's those avocado-toast-eating Millennials - hits their thirties and starts looking for that white picket fence.
I'm not even going to mention the construction material supply chain shortage, the inflation, or the rising interest rates. Because despite all adversity, after several months of bidding on just about anything in her price range, Victoria is about to purchase a sweet little place with two and a half acres in beautiful Wiscasset, ME!
So, dear readers, tell us about your first house/apartment/grown up quarters. And if you have any suggestions on how to decorate around wall-to-wall teal carpet, Victoria would like to know. She's going to keep it because it's warm and feels good underfoot. Her first decision about her very own piece of the American dream.



















