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Real Estate
Reply to "Isn't trading up going to end as folks are priced out?"
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[quote=Anonymous]They aren't building that many single family homes. The population is still going up, therefore demand will continue to increase. I will say I do not think buying a starter home is always the best choice. If you buy early enough (in your 20s, early 30s) sure, you can build up equity and have energy, perhaps no kids yet, to put work into the home. My DH and I though were househunting when we were close to 40. We were lucky to find a home in good condition we are happy to stay in indefinitely. A lot of the "starter" homes these days are 70+ years old and are not the best investments IMO after you consider the costs of fixing the inevitable issues they will have. Recently heard in our neighborhood the pipes in a lot of those old homes are failing. No thank you.[/quote]
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