Major Homebuilders ‘Weigh Plans’ for a Million Entry-Level ‘Trump Homes’
Happy Tuesday All! First and foremost, I'll be the last one on this platform to talk politics and specifically "divisive" politics! 😠. Anyhow, you will likely have heard about TRUMP HOMES and this article a perfect article to reference this coming Friday! If you are going to be on the show this Friday, RATHER THAN POLITICS I would focus more of your attention on the last part of the article that questions whether a "rent-to-own" pathway would actually benefit many first-time homebuyers. ""The reason this hasn't been done before at a large scale is that rent-to-own just isn't a very favorable proposition to buyers," he says. Rent-to-own makes sense only in specific circumstances where the buyer is unable to get a mortgage now, but will be in the future, and is willing to commit to a specific home upfront, says Berner. The rent-to-own buyer is also gambling that the home's value won't decline over the lease period. "It's a small subset of the buyer population that experiences all these conditions," he says. "Building more homes is great for buyers, and a large-scale building boom will make homes more affordable. Just build them. Sell them or rent them out as builders normally would." @Nicole Turner @Aris Anagnos @Noemi Flores @Jean Anagnos @Christopher Astillero @Erica Traulsen @Michelle Adams @Adib Mahdi @Martin Magana @Alley Perkins would love to hear thoughts! Check out the article at https://www.realtor.com/news/real-estate-news/trump-homes-lennar-taylor-morrison-plan/ Make it a great day, Coach RU @Ruben Austria