You’re getting downvoted, but this is legitimately part of the issue. There is vastly less inventory of starter homes to buy, because home builders have been focused on building bigger and bigger (more lucrative) houses to sell at the upper end of the market.
Meanwhile apartment buildings (of the non luxury variety) are being built far less frequently.
You’re getting downvoted, but this is legitimately part of the issue. There is vastly less inventory of starter homes to buy, because home builders have been focused on building bigger and bigger (more lucrative) houses to sell at the upper end of the market.
Meanwhile apartment buildings (of the non luxury variety) are being built far less frequently.
I’m downvoting because of the dismissive “living in NYC has always been expensive”. It’s not just NYC and SF anymore. Everywhere is crazy expensive.
Seriously. I never see starter homes made anymore. When it comes to apartments they are always marketed as “luxury”.