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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Speaking from personal experience as someone who had ES aged children in a townhouse -- I would NOT choose a new construction townhouse over a dated single family home. NEVER. First, your kids won't have any friends in those neighborhoods. The people buying are either young couples without children or investors who are going to rent them out to young couples without children. You'll likely have a revolving group of neighbors living in a group house situation. Second, you can EASILY find SFHs in that price range zoned to those schools or similarly rated schools. Buy an SFH in an established neighborhood so your kids can have neighborhood friends and a yard to play in. We just moved out of our townhouse into a SFH and it has made a HUGE difference in my children's lives. They go outside all the time now. The fresh air alone is worth it.[/quote]

with current interest rate and housing price, I think young couple with children might stay put in a townhouse for a while or even till teenager years. 
I live in a newly built townhouse community where the townhouse is in the 900k+ range. I see a lot of young families with toddlers and even families with teenagers. 
I doubt people will move any time soon unless they have the means. The fact is not every family can afford SFH in this area. [/quote]

Yeah the current interest rates are a problem, we just bought at around that price a TH, we really wanted a SFH but the current rates made that a non-stater (granted we recently got married and don't have kids yet so less of a need now to have a SFH). Fact of the matter is if we compare say 3% and 7% interest rate, at 3% you could have bough a 1.2/1.3m (assuming same PITI) but now that same PITI at 7% only gets you something along the lines of 800/900k.

Rates will most likely fall but question is when and to what extent. When will rates fall back down to 2018/2019 levels (4/4.5%)? That is difficult to say. If they do come back to 4.5 then affordability comes back, but before that many (especially first time buyers) will have to settle for a TH. [/quote]

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