What is your definition of affordable housing?
Is it workforce housing or housing for first time home buyers?
Or, housing provided only by Habitat for Humanity or Housing Agencies?
Affordability is dependent upon the monthly COST someone can manage owning and maintaining a home - not the price of the house. With mortgage interest rates below 6% and home prices pre-2002 levels in most markets, you may want to investigate homes available in your market.
As an example, in the Charlotte, NC MLS region, there are over 2,500 homes listed with a sales price below $100,000. The housing cost on a monthly basis will be less than renting an apartment. Don’t you think there is an investment opportunity or first time home buyer opportunities in all markets?
You have to get in the game!!
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