Comment on A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'

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Pips@lemmy.sdf.org ⁨4⁩ ⁨months⁩ ago

In my city, it is almost impossible to find a 3 BR apartment without exorbitant condo fees. At that point, a 3 or 4 BR house is not much more and you own the land as well.

The problem is developers can make more building studios, 1, and 2 BRs, but anything beyond 2 BR the marginal return is lower. So if you have two kids, you’re probably going to want at least 3 BRs, which is so prohibitively expensive due to a supply shortage, the best option is to buy a house.

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