[quote=bearishgurl]It seems the vast majority of today’s buyers want “turnkey” property and are willing to pay for that. Hence the continued (irrationally exuberant) interest in *new construction tracts* by the younger cohort of Gen X, as well as Gen Y. This appears to be true, no matter WHERE these new tracts are located (i.e. adjacent to fmr landfill, out in lizardland, in boxed-in warm inland area, etc).
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BG, you are aware this is insulting, right? Every single time you post it (which is annoyingly often)? Yes, some like newer or upgraded properties and are willing to pay for them, but you spit this out like it’s the definition of stupidity – when it’s really just a preference. You prefer not to pay HOA, but some of us like HOAs, we can afford it, and we think it’s worth it. Others can easily afford MR and like the newer ammenities they provide. I wouldn’t personally pay them, but I understand that others think differently and independently of Ren and BG. You think it’s irrational to buy a new house on a less than desirable lot? I think it’s irrational to buy a functionally obsolete house just because the lot is 2ksf bigger and I can paint the exterior purple. I’d rather have a walk-in closet and not have to look at my neighbor’s purple house.
For another example, some of us prefer buying cars new, because we like warranties, and many years of trouble-free operation, and knowing it’s had regular oil changes, and new car smell, and not finding someone else’s french fries under the seat. That may be a wrong choice for you, but it’s the right one for me.
