Reply to First time buyer - purchase in an affordable housing neighborhood or buy in a regular neighborhood?

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[quote=Anonymous][quote=Anonymous]I qualify for an opportunity to live within a new affordable dwelling dedicated neighborhood outside of this region.

Would this be a good opportunity for a first time buyer or would you simply purchase something that you could find within your price range otherwise in a neighborhood that was not focused on affordable dwelling and housing?

DH is concerned about home value in the affordable focused neighborhood over time in comparison to a regular neighborhood. I have looked and schools are quite terrible for the neighborhood due to what appears to be language barriers perhaps or simply the lower income impacts. We have three children who would be attending school. [/quote]

No one has a crystal ball, but many people are saying that given higher interest rates and the fact that home prices haven’t come down that much, buyers need to be very aware of the fact that prices aren’t just gonna keep going up up up. Strategic buying is important. Homes in neighborhoods with great schools and that are highly desirable and also highly desirable for other reasons will be less affected if prices come down.[/quote]

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