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Old 05-24-2023, 09:51 AM
 
Location: OC
12,734 posts, read 9,373,155 times
Reputation: 10524

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Another Irvine:

2br 1bath condo 600k

https://www.redfin.com/CA/Irvine/113...8/home/5480109
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Old 05-24-2023, 01:53 PM
 
Location: Beautiful and sanitary DC
2,477 posts, read 3,487,517 times
Reputation: 3237
In mid-Atlantic metros, a common way of building a 1000-1500 sq ft, 2-3BR, 1-car-garage "starter house" is as a "stacked townhouse" (particularly the smaller, lower unit)
https://ggwash.org/view/42112/in-pra...cked-townhouse
They can be had for <$400K in outer suburbs of DC, or in the $500s in better suburban locations.

Tysons
https://www.flickr.com/photos/payton...in/dateposted/

Alexandria
https://www.flickr.com/photos/payton...in/dateposted/
https://www.flickr.com/photos/payton...in/dateposted/

Phoenixville PA
https://www.flickr.com/photos/payton...in/dateposted/
https://www.flickr.com/photos/payton...in/dateposted/

Quote:
Originally Posted by GeoffD View Post
There are no new construction starter homes in my town. The land is too expensive.
That's a choice. Your town could legalize smaller lots and higher densities to cut the cost of land, and simpler construction techniques to cut the cost of construction.

Land in the postwar years was artificially cheap, because federal highway subsidies opened up a bunch of new land for homebuilding, and that's not going to happen again. If cities want to allow people to buy "starter homes", they're going to have to understand that those are going to look different -- maybe stacked vertically, or arranged horizontally like these for ~$550K in Seattle's Columbia City neighborhood:

https://www.flickr.com/photos/payton...in/dateposted/

Mid-$500s is 5X median household income in both the DC and Seattle metro areas, which also happens to be the long-term national average of house price to income.

NOTE!!!!! ALL FLICKR LINKS ABOVE are to photos that I TOOK, I EDITED, I SHARE UNDER A CREATIVE COMMONS LICENSE, and that I HOST.

Last edited by paytonc; 05-24-2023 at 02:09 PM..
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Old 05-25-2023, 09:58 PM
 
5,749 posts, read 3,524,785 times
Reputation: 8896
I looked up a bunch of my old addreesses on Zillow, Ive never lived in a house currently worth over $150-k.
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Old 05-30-2023, 10:49 AM
 
Location: Beautiful and sanitary DC
2,477 posts, read 3,487,517 times
Reputation: 3237
Quote:
Originally Posted by paytonc View Post
"starter homes"... arranged horizontally like these for ~$550K in Seattle's Columbia City neighborhood:

https://www.flickr.com/photos/payton...in/dateposted/
Note that this house is 2BR/3B, 840 sq ft. Sounds small, but the bestselling house in the original Levittown was 2BR/1B, 750 sq ft.
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Old 05-30-2023, 10:56 AM
 
Location: OC
12,734 posts, read 9,373,155 times
Reputation: 10524
Miami is still somewhat affordable, 3/2 1100 sq feet 310k

https://www.redfin.com/FL/Miami/250-.../home/43058543
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