Where I live they don’t make starter homes, everything is 800k and up, 2,000+ sqft. People can live in 1,200 sqft and are good starter homes. Have them start at 400k (CA so everything is expensive)
Yes and that is the logical conclusion of what I said above.
If regular people and families have no buying power, then houses that suit their needs will not be built. Rich people have buying power, so luxury apartments and suites will be built.
A guy bought the property next to my house. He was going to tear down the house that was there, but our historic district stopped him. He had to restore that house and convert it to a duplex. Then he squeezed another house in the strip of land in between.
It is hideous. When my mother-in-law visited, she asked why they were building an office building next door.
We had an investor do that to us, it was 3 houses down and built 3 units with no parking. Plus the house could look down in our pool and all other homes in the neighborhood were single story. Then they painted it hot pink. It was an eye soar
Where I live they don’t make starter homes, everything is 800k and up, 2,000+ sqft. People can live in 1,200 sqft and are good starter homes. Have them start at 400k (CA so everything is expensive)
Yes and that is the logical conclusion of what I said above.
If regular people and families have no buying power, then houses that suit their needs will not be built. Rich people have buying power, so luxury apartments and suites will be built.
It’s unfortunate, my uncle likes smaller places and he’s really struggling to find one.
A guy bought the property next to my house. He was going to tear down the house that was there, but our historic district stopped him. He had to restore that house and convert it to a duplex. Then he squeezed another house in the strip of land in between.
It is hideous. When my mother-in-law visited, she asked why they were building an office building next door.
It sold for $799,000.
We had an investor do that to us, it was 3 houses down and built 3 units with no parking. Plus the house could look down in our pool and all other homes in the neighborhood were single story. Then they painted it hot pink. It was an eye soar