“starter home” is developer-speak for old housing stock to justify exclusively building bigger and bigger single family homes chasing profit from an increasingly small slice of the population. All I want is 1 bedroom in a giant collectively owned building where I’m paying for the shared costs of actual maintenance and not for an investor’s passive income. US developers would rather die than build housing like that, because communism or whatever. The US financial system treats housing as an investment vehicle first and shelter second; you’re told to always finance as big a house as you can afford, because the value can only ever go up.
“starter home” is developer-speak for old housing stock to justify exclusively building bigger and bigger single family homes chasing profit from an increasingly small slice of the population. All I want is 1 bedroom in a giant collectively owned building where I’m paying for the shared costs of actual maintenance and not for an investor’s passive income. US developers would rather die than build housing like that, because communism or whatever. The US financial system treats housing as an investment vehicle first and shelter second; you’re told to always finance as big a house as you can afford, because the value can only ever go up.