idk bt the phrase "starter home" makes me mentally puke a little. Sounds like the most privileged first world crap to think you're owed the idea of upgrading to a fancier house (let alone a standalone house in the first place). There is no rule of nature that says you need to own a house.
"starter home" is developer-speak for old housing stock to justify exclusively building bigger and bigger single family homes chasing profit from an increasingly small slice of the population. All I want is 1 bedroom in a giant collectively owned building where I'm paying for the shared costs of actual maintenance and not for an investor's passive income. US developers would rather die than build housing like that, because communism or whatever. The US financial system treats housing as an investment vehicle first and shelter second; you're told to always finance as big a house as you can afford, because the value can only ever go up.
idk bt the phrase "starter home" makes me mentally puke a little.
100% totally a holdover from boomers and genX professionals parroting them. people who bought some little modest house in a marginal area for a poem and pocket change in the 70s/80s and then rode the scarcity of inventory and development booms to keep converting unearned equity into larger and more high end homes in affluent neighborhoods and exclusive enclaves.
that term should have died around '08 when the bubble burst and a lot of people who levered up to some absurd mcmansion lost their entire ass.
the more common phrase i hear from homeowners these days is "with these interest rates, i'm gonna die in this house."
idk bt the phrase "starter home" makes me mentally puke a little. Sounds like the most privileged first world crap to think you're owed the idea of upgrading to a fancier house (let alone a standalone house in the first place). There is no rule of nature that says you need to own a house.
"starter home" is developer-speak for old housing stock to justify exclusively building bigger and bigger single family homes chasing profit from an increasingly small slice of the population. All I want is 1 bedroom in a giant collectively owned building where I'm paying for the shared costs of actual maintenance and not for an investor's passive income. US developers would rather die than build housing like that, because communism or whatever. The US financial system treats housing as an investment vehicle first and shelter second; you're told to always finance as big a house as you can afford, because the value can only ever go up.
100% totally a holdover from boomers and genX professionals parroting them. people who bought some little modest house in a marginal area for a poem and pocket change in the 70s/80s and then rode the scarcity of inventory and development booms to keep converting unearned equity into larger and more high end homes in affluent neighborhoods and exclusive enclaves.
that term should have died around '08 when the bubble burst and a lot of people who levered up to some absurd mcmansion lost their entire ass.
the more common phrase i hear from homeowners these days is "with these interest rates, i'm gonna die in this house."
its the american coke zero variant of nazi lebensraum ideology.