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by bradlys
1851 days ago
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Indeed. If I buy (as a first time homeowner), it’ll be for 2-3m. Our next door neighbors are first time homeowners and bought for $2m (not including the $200k+ in renovation costs). I’m pretty sure the people buying townhouses aren’t just people trying to get into the market but also people who will not likely be able to afford more. The gap between a townhouse and a decent standalone house is still a large gap and it only gets wider as time goes on. Thus it becomes even harder to go from townhouse to sfh even if you already own a townhouse... |
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