Quote:
Originally Posted by Two Bills
Affordable housing is usually only affordable to the first purchaser, after that 'market price' comes into effect, unless of course there is some restriction on resale price.
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Wouldn't square foot price to build determine affordability. The profit margin desired by the builder? Then take that square foot price and draw a circle outward around an zip code area, account for competion driving proce per square foot?
First time buyer is paying profit margin PLUS impact fees (known as bond in TV). Market impacting build price right? Not sure if first buyer really gets a great deal unless affordable housing caps pricing?