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Spent most of my life building homes.......right now we are finishing up a 34 lot subdivision.....all sold out in two years. Lots of first time home buyers. I have no clue as to the income these young people are making. These are not starter homes like myself and others built in the seventies, when we couldn't afford to have it all. These first time buyers today want and expect a lot more when they buy a new home. Two car garages, central ac, granite countertops, three bathrooms, hardwood floors throughout, custom kitchen... most are driving brand new vehicles to boot. In this market it would be very difficult to build/sell a basic home without the amenities above.
Kind of like poor people today as opposed to when I grew up.
Todays poor people are overweight, wear brand new clothes/shoes, have cars and cell phones, jewelry, tatoos, ebt cards...My how times have changed.
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