re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

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Build nice affordable homes in safe areas for people making between 50-100k and they’ll sell like wildfire

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The land and development cost make it impossible to build spec homes in the range that is truly needed.

Before 2008 I built 4 subdivisions (well one was just some acreage with road frontage I chopped up and never filed a plat for back when you could do that) and my specialty was 1300 to 1400 sq ft living vinyl siding houses with a one-car garage.

This is one of the first ones I built in the first 13 acres I developed. It's in foreclosure now and needs some TLC but it has sold 3 or 4 times since I built it in 2005.


LINK


They would sell fast and I made good money on them. Building that and making a profit is impossible nowadays though it is badly needed.