Not to sound like a smart donkey, but the CHEAPEST townhouse here is 242K. How many of you/people can afford that? Kind of takes the middle class out of the picture real quick. Is there really the average income here to justify this? At a generous 6.75 interest (which is about to jump again) that takes the monthly payment to 1,573 a month. This does not take into consideration condo/townhouse fees, which I am sure there are. That is A LOT of money.
I would love to see more 150-180K townhouses downtown. Aim more towards your starter individuals/couples. I think you have more a crowd there, and a better chance of building a community. Maybe I am missing the point of the Avenue. It Just seems like every development going in starts over 200K. Cannot build a community if only 10% of the people can afford it.
Anyone know the cheapest place to buy downtown is? I know you can rent cheaper, but I am one of those people who believe renting is throwing your money away.
242K is 5 times the price I bought my house for on the West Side, and I have the same SQ FT.