Buying a More Expensive Home for Better Value and Affordability
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Despite the high cost of living in the United States, there are strategies that potential homeowners can consider to make homeownership more affordable. One such strategy, according to an article from Financial Samurai, is to buy a more expensive home. The article suggests that opting for a home priced 50% higher than the median can offer better value and cost-efficiency. While buying a median-priced home in cities like San Francisco can result in high prices and intense competition, purchasing a more expensive home can provide better value on a price-per-square-foot basis. Smaller homes often have higher rental yields, and there is increasing upward pricing pressure for homes in the next segment up. Buying a more expensive home can feel more affordable if it offers great value relative to...
#newstr #CostOfLiving #Homeownership #HousingMarket #Affordability #RealEstate #MedianpricedHomes #PricePerSquareFoot