A starter home or starter house is a house that is usually the first which a person or family can afford to purchase, often using a combination of savings and mortgage financing. In the real estate industry the term commonly denotes small one- or two-bedroom houses, often older homes but sometimes low-cost new developments. The concept originated in the United States during the post-World War II era when entry-level home ownership was a preferred option for young families and regarded as part of the American Dream.
The original concept of a newly built starter home outside of the city has changed due from both the end of low-cost land development and the changing preferences of successive generations in the United States. Since the end of the 20th century, more new homeowners are seeking different kinds of housing such as a condominium or older existing home.
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“Sometimes it takes years to really grasp what has happened to your life. What do you do after you are world-famous and nineteen or twenty and you have sat with prime ministers, kings and queens, the Pope? What do you do after that? Do you go back home and take a job? What do you do to keep your sanity? You come back to the real world.”
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