Quote:
Originally Posted by Biggd
I think you're going through what every boomer is going through right now, wanting to downsize, but realizing that there really isn't anything out there to downsize to that's affordable. That's why I think the market is going to stay strong as many people are deciding that staying put is the best option right now, esp if you have a sub 3% mortgage or no mortgage. That will keep inventory low for quite some time. Builders aren't going to help because there's not enough profit in building smaller homes.
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Another factor many overlook is security. Unless an affordable community is deeded over 55 It will eventually become low income or section 8. Retirees need the security of a gated community. Very few in this area