Quote:
Originally Posted by HemiEd
Yes, that is the situation I was trying to describe. It is horrible situation and a sad one. Furthermore, builders quit building the low cost homes in favor of the higher profit higher end homes.
I might clarify though, even 40-50 years ago, the starter homes were mostly just older lower end homes that I ran into. Didn't see any new ones in our price range back then.
Something truly needs to be done.
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Starter homes are seven percent of new homes being built.
Had a buddy supervise the building of a new subdivision in Belton. Nice homes.
They aren't for sale, just rentals.
Rent is too high.
Greed rules the day.