[quote=BGinRB][quote=FormerSanDiegan][quote=BGinRB]I just tried to think of model of a person who could really afford a $300K housing unit. I don’t see that person being interested in 55y old 2/1.
The only possibility I see would be a retiree with strong ties to the area. [/quote]
How about a young married couple in their late 20’s/early 30’s making a combined 80K (40 K each) who are tired of apartment life after 5 years ?
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I assumed they would want to have a kid or two in the next several years. In that case 2/1 would not fit. They would rent for another year or two and then look for 3/2.
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Look at how many younger couples buy 2 BR condos. At the right price, a 2-1 seems like a great entry level option, especially for couples where having a kid is either not explicitly in the plans yet or is notionally 3-5 years in the future. In fact, we bought a 2/1 when we had a 9-month old baby. (we later added on).
