This is not news to us in the business that builders will choose to sell the smaller product during an economic downturn. Easier to sell. More can qualify. The consumer can always move up or out of the neighborhood or can they? That is a big question...That is a question I always ask my Buyers. Are you excited enough about this house to live here even for a long time?
I love to work with my Buyers who are excited to buy, who have been saving their money, who have that downpayment.
Saddens me, however, to see how much they will get for what they will pay...The downsizing of new homes in not yet established areas has been a bit disheartenning for those who have been in a new neighborhood for a couple of years and were "told" by the builder that like kind homes in square footage and amenities would go in across from them. And that is now NOT the case.
Can't blame the builder for changing his plans. Can't blame the market becausee the market is just that----the market. Can't blame anybody that your home is now worth less because of what size homes are going in around you...
Just have to be glad you have a home that offers you the benefits and joys of ownership and welcome your new neighbors...You may be living as neighbors a lot longer than usual.
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