Freaking ridiculous if you ask me.This is likely why our millennial's hate capitalism.

@Alex GraebeI've written about Sacramento so much, let's start by getting you up-to-speed on the local market here and what's going on:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushGo read that first, and then come back so the rest of this post makes more sense........Annnnnnnnd we're back!

(electric 18-wheelers) to call homeBay Area millennials will continue to move to Sacramento for the next 5 years to get a better quality of life due to affordability.

I've written about this migration pattern extensively here on BP:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushEvery week I analyze every single 2-4 unit multifamily property from Placer county all the way down to Merced, and here are the numbers you can expect from the better performing properties here in Sacramento county:PRICE: ~$306k25% DOWN: ~ $76.5kMONTHLY RENTS: ~$2,250ANNUAL RENTS: ~$27,000PITI @ 5% w/ 25% DOWN: ~$1,640PITI CASHFLOW MONTHLY: ~$610PITI CASHFLOW YEARLY: ~$7,3201% TEST: 0.74%GROSS ANNUAL YIELD: 8.92%PITI CASH ON CASH RETURN: 9.95%If you ever have any questions, or simply want to reach out and connect with other local investors and real estate professionals, simply join the conversation already going on in the local forums here on Bigger Pockets for Sacramento:https://www.biggerpockets.com/forums/621-sacramento-real-estate-forumFeel free to reach out if you have any questions about the Sacramento market, and best of luck!

I'm a millennial, and this community really captures everything my generation is looking for.  

Once you get a little further east towards Fulton Ave, that entire street is practically used car dealerships, especially north of Arden way all the way up to I-80.Here you're going to get lots of millennial renters who are either going to Sac State or working their first jobs.

Fairfield and Vacaville don't offer enough of a "big city feel" to attract Bay Area millennials.

We're projected to have 18,000 - 20,000 people moving to Sacramento this year from the Bay Area alone.http://sacramento.cbslocal.com/2015/10/21/report-bay-area-millennials-eyeing-sacramento-as-future-home/http://news.theregistrysf.com/urban-land-institutes-report-warns-of-millennial-mass-migration-out-of-bay-area/http://www.bizjournals.com/sacramento/news/2015/03/30/heres-what-millennials-like-most-and-least-about.htmlhttp://www.sfchronicle.com/business/networth/article/Bay-Area-rents-plateauing-studies-confirm-9193894.php"If you are under 40, use hashtags and enjoy networking over craft beer, what do you like best about Sacramento? 

A lot of these suburbs are stagnant growth due to taxes and the general trend of millennial renters wanting to live in major cities. 

, a significantly smaller note is needed.2) There is an ongoing debate if the ownership vs renter-ship ratio is undergoing a secular change due to both millennials (don't want the headache of ownership, value flexibility) and baby boomers (downsizing and need home equity for retirement).