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Reply to "Remember how people used to have a bachelor pad, then an apartment together, then a starter home...."
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[quote=Anonymous][quote=Anonymous]In my experience people are just buying their dream homes right out of the gate. No renting, no fixer upper.[/quote] The transaction costs are way too high. With a "starter" SFH in a good school district starting at $700K in the DC area, no way in hell I'm interested in paying nearly $100K in fees simply to trade-up. (In DC: $20K closing cost to buy, $50K in realtor fees to sell, another $15K in sellers' transfer tax, plus $20K closing costs to buy my "forever home"). -Millennial Married Renters in our mid-30s about to Buy Our First & Forever Home[/quote]
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