Who would want to do that?
In “Littleton school board votes to close East Elementary,” published April 8 in the Independent, there is a statement made by the school board president that reveals a fundamental flaw in the economics of home ownership.
The statement; “there are empty nesters sitting on single-family homes … but don’t have a place to downsize to. Hopefully in coming years they can move into smaller apartments.”
What homeowner who, having owned a home that has been completely paid off, would ever want to move into an apartment, where the rent will forever go up?