Don’t most people buy a fixer-upper as a first home?
Seems this is just the beginning thanks to the progressives. Biden and Harris are taking us down.
Even fixer-uppers are outrageously priced now. People think, probably correctly, that these low mortgage interest rates aren't going to be around long now that Traitor Joe, the Ho and their cabal of incompetents are in charge.
“Don’t most people buy a fixer-upper as a first home?”
Many younger people don’t like physical labor and want it now.
Why?
My first home was brand-new and in a nice neighborhood.
I'd think that the people buying fixer-uppers are those that want to rent them out, a foolish proposition these days. Or flippers.
Cash buyers purchase fixers, as banks do not mortgage them.
Cash buyers purchase fixers, as banks do not mortgage them.
No.
.
Not anymore.
I did. And honestly I am thinking my starter home may be my only home.
But most people either don’t have the time or the desire to get a fixer upper
Can't afford to buy the supplies to Fix Er Up is the problem.
Friend of ours is in need of a handicap ramp. Normally not a cheap item, now out of sight expensive. We all went through our garages and got together enough construction materials to build one for him.
Here in New York State, there are homes available for simply paying back taxes. Not in great areas, but not war-zones either.
A lot of mid-east/Pakistani/Burmese migrants do this. Buy up a house very cheap, when relatives (of course) eventuality come over, they buy more. Pretty soon, they own half the block.
Unfortunately, that can be worse. I bought my home in the Carolina mountains for the view, the property, the creek, and the trout pond. I've probably dumped as much money in the remodel project on the house as I paid for it in the first place. Now I have to start on the guest house just in time for the ridiculous increase in building material costs.