Buying a “Starter Home” Has Always Been BS

This idea that you’re going to build equity via a starter home, move out after a couple of years to upgrade to a more expensive home, and make a sizable profit? Yeah, that doesn’t really pass the vibe check historically. Here's why the "starter home" has always been a sort of marketing propaganda, and why you can feel good about not rushing into a home purchase until the time (and cost) is right for you.

Tune in to The Money with Katie Show podcast for the full episode on why my husband and I are also continuing to rent in 2023: https://podcasts.apple.com/us/podcast/the-money-with-katie-show/id1589146097

This show is a production of Morning Brew and is produced by Henah Velez and me, Katie Gatti Tassin. Devin Emery is our Chief Content Officer. Our video editors are Christie Muldoon, Sebastian Vega, Greg Jacob, and Nichole Friedman. Additional fact-checking comes from Kate Brandt.

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🍿WATCH NEXT:
Rent vs. Buy | https://youtu.be/K_xRTWQu9ko
How Much House Can I Afford? | https://youtu.be/Fu8GbWtF__8

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I’m Katie, a personal finance content creator on a mission to make everyone else as obsessed with their financial health as I am. With small tweaks and just a little more awareness, you can live a richer, happier life. I started writing about money in 2018.

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0:00 Intro
0:40 What is a starter home and what value does it bring you?
2:25 An example: Atlanta, GA
6:28 The alternative of renting
8:15 Credits