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Real Estate
Reply to "two million is the new starter home price for close in neighborhoods"
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[quote=Anonymous][quote=Anonymous]There’s no point in a starter home now. Affordability is out the window you’ll be in that home a long time & possibly forever.[/quote] It just depends how much space you need. Definitely renting would have been the smarter option for me if we had not started having kids. My luxury apartment in Nova is currently still the same rent as it was 10 years ago. A lot of new buildings also aren't much more expensive. They're building out a lot of apartment supply but they are not building sufficient SFH or TH. My TH is up ~20% in 5 years, just down the street from the apartment I used to live in. It still made financial sense for me to move thanks to ultra low interest rates but at this point you'd have to be an idiot to buy my TH over apartments. You could rent two two bedroom luxury apartments for just the interest + taxes on my four bedroom house.[/quote]
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