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Real Estate
Reply to "can we please, please, retire the term "starter home"????"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A condo or townhouse is a starter home in the DC area.[/quote] Not true. I know people who have been in their TH for more than 20 years with no plans of moving. [/quote] And that’s fine but the reason most people consider them starter homes is that you can get them for 300-400k our in Germantown instead of spending 550-600k for a SFH. You build up equity and sell to move to a SFH. I know people that have rented their entire life, that doesn’t mean they should be upset if someone says many renters want to be home owners eventually...[/quote] True but there are plenty of townhouses that are bigger than SFs. TH's easily can go for a mil in DC/Arlington. Generally speaking though, you're right. the goal is to move from a TH to SF. [/quote]
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