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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Famous quotes containing the word home:
“Contrary to all we hear about women and their empty-nest problem, it may be fathers more often than mothers who are pained by the children’s imminent or actual departure—fathers who want to hold back the clock, to keep the children in the home for just a little longer. Repeatedly women compare their own relief to their husband’s distress”
—Lillian Breslow Rubin (20th century)