A starter home is supposed to be an entry point into the market: a modest property, maybe a two-bed, one-bath, a place a young couple could buy into before all the pets and kids and seldom-used kitchen appliances come along.
Buy a starter home, if all goes well, and you position yourself later to trade up. A starter home helps make possible a second home, which makes possible maybe a third even grander one somewhere down the line.
But what happens when the most affordable entry-level housing on the market costs $700,000?
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