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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][quote=Anonymous][quote=Anonymous]When I think of “starter home”, [b]I imagine one where a family of 4 could not comfortably fit long term.[/b] If you were paying 750/800K for your starter home I would assume your projected income level is one where eventually $1.5m would be no big deal.[/quote] Well, yeah. Ok. But what our culture interprets as what "a family of four could comfortably fit long term" has evolved a great deal in the last couple of generations. Visit Fallingwater, Frank Lloyd Wright's masterpiece, built for a very rich family in 1936 -- and you will likely find it quite small. It's about 2900 sq feet (if you don't count the outdoor spaces -- which, with organic architecture, is, admittedly, a lot of the space). [/quote] lol, my “forever home” is about that size (and this is the 3rd property I’ve owned), 2 adults, 2 teenagers. [/quote]
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