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It's hard to find smaller homes that aren't also lower quality.
older homes may fit this bill, but often there are weird tradeoffs: eg. better quality finishes/construction, but no central air.
This reminds me of other markets where the bottom option in a market simply doesn't exist. You can't really buy cars that are basic anymore. They all pretty much have what used to be considered top of the line features.
Bigger homes = bigger mortgages, fueling the debt cycle
It's hard to find smaller homes that aren't also lower quality.
older homes may fit this bill, but often there are weird tradeoffs: eg. better quality finishes/construction, but no central air.
This reminds me of other markets where the bottom option in a market simply doesn't exist. You can't really buy cars that are basic anymore. They all pretty much have what used to be considered top of the line features.
Bigger homes = bigger mortgages, fueling the debt cycle