Everyone wants a starter home. In bidding wars, sometimes it means buying a seller a pizza every Friday night, and still getting passed up.
It may sound as if it’s all fun and games, but half of all households in the country don’t earn enough money to buy a simple starter home. To afford a median-priced starter house, would-be buyers need to earn almost $80,000 a year, according to Redfin. Yet Census Bureau data shows 50.1% of households earn $75,000 or less.
