this post was submitted on 02 Nov 2023
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A Boring Dystopia
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The problem tends to be that houses are being built but they're not the right houses. They're all really expensive houses, there's nothing for first time buyers.
So true. Where I am, a podunk town in the deep south, most of the homes being built are 4 bed, 1800sf+. The 'starter' homes with 3 beds, 1200sf are still like $185k which is ridiculous compared to what people make around here.
Even building condominiums would be an improvement. Personally, I hate condos (because I own one) but at least it gives people the chance to own something.
I know you said compared to what people make, but I would kill to see a starter house for under 200k... Where I am (not NYC not Cali) the cheapest is 300k for a twice burned down glorified shed in a flood zone and in the worst parts of town. It's absofuckinglutley insane...