15% … you kidding … 15% is nothing.
I’d have given it some shred of credibility at 33%.
You are going to have to consider these factors.
Starter homes are for people starting out on their own. More than likely, first real job (delivering pizza isn’t a real one) and maybe a new marriage which more than likely wiped them out, and more than likely spouse also working the same entry level job.
15% is thoroughly arbitrary and very very convenient for realta-hole’s to pimp it up.
Assume that house has to be carried on by 1 wage when the other one gets knocked up … and they have the baby. That is starter house.
This is one more of those affordability has become a concern … WTF … by saying affordability they have conveniently shifted the focus off the insanely high prices to other sheite like funky financing which has gone out, the higher wage paying jobs that have disappeared, and what not …
No sheite realt-hore, we get it. You want prices to stay high cos you make commission off that, and you want us to stretch to get into a house with suicide/homicide option arm and leg loan. OK we get it.
Cool.
Cow_tipping.
