Reply to Genz and millennials don't want your small starter homes want forever homes now

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am an elder millennial stuck in our starter home we bought a decade ago because housing values have risen much faster than wages. I really wish we could go back in time and just stretched and bought a slightly bigger house a decade ago. Those houses that were $100-$200 above our budget a decade ago are now entirely out of reach. [/quote]
This is us, too. Our now slightly-too-small 3br condo was huge for two people (pre-kids). Now I'd like a 4br house with a small yard, which I could have had for another 100-200k back then. But we can't afford to upgrade to a 4br now at the current prices and mortgage rates. We'd be paying at least 2x as much monthly for a few hundred more sq. feet. Heck, I'm not sure I could afford to buy my condo at today's rates.

I completely see the appeal of wanting to just buy a house you love and be done with it. Moving is expensive: transactional costs (thanks to real estate agents and transfer/recordation taxes) eat up minimum 7-8% of the value when you sell, to say nothing of having to pack up your whole life.[/quote]

But you couldn’t have afforded a 4 bedroom house … [/quote]

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