With the University of Texas at Arlington, Texas Christian University, and the University of North Texas also located in the region, there is no shortage of well-educated millennials eager to stay after graduation.Raleigh, North CarolinaThe metro area surrounding Raleigh, NC has been one of the fastest growing in the country.

I’m looking at getting qualified for a 30 year mortgage, but need some ideas on the down payment shortage.

While I could list several reasons for this, I will limit myself to two.Land shortage - Las Vegas is a small island of privately held land in an ocean of federal land. 87.5% of Clary County is federally owned. 85% of Nevada is federally owned.

If so non-conforming has higher value than non-legal units which have little value and a jurisdiction can mandate their removal (but many markets have housing shortages and it serves no one to remove safe housing units).Good luck

@Chris JonesWelcome to the site, as you can see there is no shortage of folks willing to offer all angles of advice.

Originally posted by @Greg French:Hey Joel, depends on the contractors you use but most clients that we've worked with have used $85-90/sqft for additions off the back as a general rule of thumb for the Atlanta area Thanks greg, this is similar to the numbers ive been told also, but apparently due to the material shortage there could be higher $/sqft depending on the finishes. 

We have a nation-wide nursing shortage and, as you mentioned, an aging boomer generation, not to mention a general culture shift in how people want to live and work.

Do you have lots of reserves to cover this shortage? 

I bet that tape will have to trade at 35 million to sell .. that's why I morphed into new construction .. we just closed on 90 lots in Canby that I will be building out over the next few years.. new construction is still moving quite well in our area.. still a shortage of housing.. will see how it all goes.. like you though we have very little debt.. when I gave a few talks at Google and other bay area tech firms my talk was about pivoting.. and my thought process was to not get leveraged to the hilt in this part of the cycle.

Like @DJ Richmond said, with $400k in capital, you certainly don't face a shortage of investment options.