Depending on the salaries of the new jobs they may also price out the local residents on new home sales which would further drive up the price.

Quote from @Michael Moya: Hi Bigger Pocket Community - Looking for some insights and advice on loan options for single family homes under $120K.

Our real goal is to refi the homes before we come close to the due date and pay them off early. 

It just focuses on those people that missed out buying a home, even if it was for a minor amount, like the first couple in the article that got beat out by less than $10,000.  

What if, upon an imminent snowstorm, Home Depot began charging $200 for a snow shovel, just because they could? 

The last year I renovated a single family home to rent, pulled out some equity, couldn’t have gone better.

Context matters: for some apartment buildings that compete head to head with a very similar property just down the street, this may be a good strategy.We rent premium single family homes and I have never offered an incentive.

We own our primary home in the Portland area, and have had an STR condo in Seaside OR for 2 years.

Example - borrower uses loan to purchase a home in a B or C grade neighborhood for 380k, spends 50k rehabbing primary home, uses 200k to put an ADU in the back, appraisal comes back at 925k. 

There's really no need to pay off your home early.