Half of all households in the country can’t afford a normal starter home

2 comments

1. Probably because new construction requires much higher land values than what previous generations did. Land was basically free back in the start of the housing boom of the 60’s/70’s because there wasn’t much demand. Now there is and that “starter” home has to be on a 40′ x 40′ piece of land with a large yard and setbacks. That requirement adds $200k to $600k onto the price of the home without contributing anything.

   If you want affordable starter homes, then the price of land needs to go down and the regulations need to be cut back.

2. Half of all households also think convicted felons make great leaders.