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re: Great YT video "How the US Is Destroying Young People’s Future"
Posted on 5/7/24 at 8:29 am to Salmon
Posted on 5/7/24 at 8:29 am to Salmon
quote:It isn’t even a “starter home”.
the point is that previous generations did not have to buy 500 sq ft tiny homes or homes in the ghetto as "starter homes"
It is a $200k 500 sqft APARTMENT.
Anyone who believes that is a good financial decision should be completely disregarded.
With the likelihood of new construction in the area, no one would make money on a resale.
Insanity.
How could anyone with even a modicum of intelligence believe that is a good idea?
This post was edited on 5/7/24 at 8:33 am
1
Posted on 5/7/24 at 8:31 am to Scruffy
quote:
With the likelihood of new construction in the area, no one would make money on a resale.
To be fair most people don't "make money" in reall terms on the resale of a primary residence when you account for interest, insurance, taxes, maintenance, inflation, and closing costs.
You simply recoup some of your cost.
But that apartment was a shitty example.
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