[quote=PCinSD]Don’t do anything until BG gives you legal and marital advice. Many of us have her on retainer.[/quote]
Again, I have read BG’s posts for some time. I read the other thread she is posting on and there were some standouts:
“Do people really want to attempt to raise young families in sub-1000 sf home with stairs and little to no yard?” Is that really what today’s homebuyers will “settle” for:
Um yeah. To a degree. Many young home buyers in pricey cities are realistic about what their buck will buy nowadays. The places some of us grew up in is not feasible in today’s market. Just the truth.
Also, many people in their 20s and 30s don’t want all the space and the work which comes with it.
“I honestly believe that many millenials (now working in their fields) can save a downpayment and buy a regular house. The $64M questions are, do they actually want to save for a downpayment and will they actually buy a house they can afford which will serve them (and their possible future families) for many years to come”:
Not sure which millennials you know, but $100k to drop on a down payment is not within their reach when they are still in their 20s. I am GenX and am in my 30s. If they have young children and are spending $800-$1500 on daycare it is even more unreasonable. My guy is a veteran and if we wanted to we wouldn’t have to put any money down.
Unless parents have stepped in, buying and selling is occurring for my friends parents and not them for the most part.
Overall I ignore her posts, but today these caught my eye even though it is business as usual.
