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CNBC breaks shocking news
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this post was submitted on 03 Dec 2023
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I was fortunate enough to buy a house this year and the options seemed to be:
The new starter homes seem to be townhomes, me and my wife considered buying one instead and the market for them was blistering as they were all that most people could afford that aren't shacks/fixer-uppers... and people buying those will usually have to pay steep HOA fees on top of the increased interest rates, which is less going into their equity.
No one is building starter homes and with investing being so more accessible, you might as well do that while living in a nice apartment and wait to buy a nicer house.
Where I live: double your numbers.