In addition to jobs drawing new residents to central Tempe, he points to homes priced for most budgets. Starting prices for his condos are approximately $300,000. Other nearby condos also are affordable for middle-income folks.
"We want younger people, people buying their first home, to be part of this," Losch said. "It's important that we don't price most people out of our market."
While I like the direction Tempe is moving in regards to this, $300,000 for a condo seems just a little beyond the reach of first-time home buyers.
Didn't we learn our lesson recently about creative home lending?