“….First time?”
I never wanted to be a homeowner but ended up buying last year, in part, due to this trend. If you can’t afford to buy, you’re getting priced out. It’s atrocious.
It’s a shame Mayor Q doesn’t seem to give a damn either.
Build, build, build.
The only new houses I see being built are those awful huge, square cookie cutter houses that cost 750k. I have no idea how the market can support the least useful kind of house for the general population.
I barely go into the suburbs these days, but I don’t doubt that’s all that’s being built. In KC proper, in some neighborhoods like Waldo, I have been seeing smaller houses being built. A developer will demolish an older home and build a new home. These are smaller houses than whats out in the suburbs of course, since the plots in the city are smaller, but they probably would be good for single people, DINKs, or new families. Not everyone needs 2000+ sq ft of space. It’d be great if the suburbs also invested in these smaller, starter houses, but it’s my understanding that the economics don’t make as much sense.
Of course, that’s all focusing on DSFH. We need to address the “missing middle.” More multifamily housing. Build duplexes, townhouses, lowrise condos, whatever. I for one don’t need/want a whole house. But I would like to own something more akin to an apartment.
I moved in 2020 and stuff went way up then, also every place I saw was owned by some property5 management company rather than a single landlord which was the norm when I moved like 5 years prior
I own a house now, and I wanted one as soon as I was financially able to but a lot of people dont have that option. Something’s gotta give
