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."
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."