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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][quote=Anonymous][quote=Anonymous]PP, you can get insurance for those pipes for next to nothing. Not a reason not to buy a starter home. [b]Someone has to live in them! [/b][/quote] Someone likely will, but no, nobody has to live in them. Certainly not me. Most of these are not historic homes worth preserving. Eventually, they will hopefully be torn down. [/quote] Why? They are well-built houses made of solid materials. They need new plumbing and electrical but there's no reason they should be torn down and replaced with a monster McMansion made out of particle board.[/quote] Because they are not great houses, not efficient, and are aging and expensive to maintain.[/quote] My solid brick 1950s house is actually quite efficient and not particularly expensive to maintain. Also, since it's a duplex, it won't be a tear down and neither will my neighbors' houses. We like it this way, actually. I sneer at McMansions.[/quote]
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