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Downsizing the American Dream: The new trend toward ‘missing middle housing’

Crystal Reed and Shayla Williams knew they wanted to buy a home — they just didn’t know whether they could afford one.

“We moved to Denver four years ago and didn’t realize how the housing market was at that time,” said Reed, who, like Williams, is a 34-year-old teacher in the Denver public schools. “When we really started looking for houses, it was difficult to find them in our price range. The prices were just ridiculous.”

The couple found themselves in the position of many young, middle-class Americans — unable to afford the expensive new housing stock built over the past decade. But they found a lifeline in the form of a Denver development from Oakwood Homes. The project, called the American Dream, includes 1,200- to 1,400-square-foot houses priced between $220,000 and $260,000. Reed and Williams moved into their three-story house in late January after snagging it for $257,000.

After years of catering largely to the more affluent market, resulting in slowing sales from too few houses that moderate-income buyers can afford, many developers are starting to address the “missing middle housing.

What would you do? Would your buy your fancy dream house and struggle to pay your mortgage,or would you fix?

Would you go for the dream house that's new and beautiful and be house poor, or would you fix up the existing home that's average fix it and make it nice and be able to live comfortably.

Hun,i'll go for the fixing thingie,why???