No. of Recommendations: 2
they're a little smaller and the interior finish is more modest (laminate vs granite counters; carpet vs. hardwood flooring, etc.)

The "catch" in the affordable homes is that the buyer agrees to an equity gain cap of 2% per year,

Is there any chance you'll want to improve the house significantly (ex. put in granite, better appliances, etc?)
If so, then what happens to the improvemnts you make -how do those factor in to that "gain cap"?
I'm just thinking - you buy place, put in $20K (or more) into fixing up some things, and instead of getting $10K or $20K better sales price, you get nothing for what you put in
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