MemphisAg1 said:Today's expectation for a "starter" home is well beyond what a lot of folks started with. My starter home was a 40 year old 1200 SF, two window AC units, no garage, and 1.5 baths. Pier and beam construction (no concrete slab) and no fireplace. No pool, no fence, no deck. Just a home that was water tight. Neighborhood was relatively safe but a few of the inhabitants were a bit "sketchy."Get Off My Lawn said:Apparently you missed this in the past 20 pages, but there's a feeding frenzy for "affordable" homes. A modest home in a safe neighborhood is going to be bought by someone who's desperate enough to overpay / outbid a dozen other desperate couples. The "starter" home rung has been largely kicked out from the ladder.agwrestler said:tk111 said:
It's really terrible. I know a number of young couples just a few years removed from college that have been very successful and are still absolutely crushed at their prospects of getting a home due to the overwhelming double-whammy that is prices and interest rates.
Buy the starter home they can afford instead of their dream McMansion.
Those homes, or something similar, are out there today. But a lot of young folks have upgraded expectations well beyond a traditional starter home.
You're correct, but you're missing the point.
The starter home you described costs more than it ever has, which is way more than most can afford. This isnt a case of expectations not matching reality. This is an "all time high"