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Real Estate
Reply to "Your missing middle home is a 2000sf townhouse for 1.6m"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know just who will snatch up a place like this -- well-heeled, down-sizing Boomers and GenXers. How do I know? I'm one of them. And, no, that doesn't mean there will be a signifcant decrease in SFH prices as we downsize. Thanks, Millenials for eating up the MM fairy tale, [/quote] Having a place for you and others like you to downsize will increase the supply of SFHs available. MM is about increasing the supply of housing to lower costs. Sounds like it might work based on your comment. [/quote] You are an idiot. Only ~ 3% of Arlington households can afford 2M homes. You think freeing up 3% of the homes will suddenly make housing affordable for the 65% than can only afford $300,000 homes?[/quote] I can afford a $2m house and I promise you I don’t want to live near people who can only afford a $300k house. [/quote] My old town was all bungalows, capes and a few small condos. I mean small like 800sf to 1,200 sf with very very low property taxes and many homes were second homes or occupied by widows or dinks. Very few large families or renters Over last 20 years you monsters with 7 figure holes rolled on tearing down homes and putting up mansions. Of course more people bigger homes and more rentals to cover cost of large home. With Covid now homes in town are 2-10 million. We had one sell 15 million and that house makes the 2 million homes look like homeless tents. [/quote] Trust me when I say that the person you quoted does not have even close to a seven figure salary (he/she wishes it was that high). If they did they could afford more than "only" a $2m house. Assuming she bought during covid for 2m, that is only a PITI of around 8k which ain't impressive for this area. So don't know why that poster thinks they are "so much better than the 300k family" when max piti can afford is only 8k. The person you quoted really does think of themselves as someone better though, even though he/she/the whole family is just trash. People like her like to pretend they are rich, but comments like hers show the lack of class she really has. [/quote]
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