4 ms·

Keep in mind that a lot of these units are still coming on the market. Sure the prices haven't dropped yet, but landlords can only hold out for so long and the

Keep in mind that a lot of these units are still coming on the market. Sure the prices haven't dropped yet, but landlords can only hold out for so long and the end of that rope, that's when prices fall. This is anecdotal, but I feel like everyone I know cares more about standalone single family houses these days as opposed to apts. IMO Apts and condos seem to be falling out favor, which could depress prices further. Where I live in SF, I've seen people choose to purchase a home way outside of the city, as opposed to getting a slightly smaller condo in the city for about the same price.

kasey_junk 10y ago
That is likely an age bias.
soulnothing 10y ago
I rented an apartment in Philadelphia earlier this year for six months. When it came time to renew I looked at apartments and single homes. The issue I had with the apartment was the build quality, and building owners. I pretty much lost my security deposit due to the poor materials. In addition the walls were so thin every one was able to hear every one else, and noise complaints were constantly filed. When I looked around I wanted to be near city transit. Under 1500 one bedroom was the target. I couldn't find anything with good build quality. Sure there were stainless appliances, granite counter tops. But the cabinets were particle board easily chipped. The appliances while stainless were small, and inefficient. The walls were paper thin, etc. Among my friends they target homes, due to the build quality of the apartments, not because they want them specifically.
TulliusCicero 10y ago
> that's when prices fall. Good. Low prices for things people need is a good thing.
- RhodesianHunter 10y ago
  Good for people who need said thing, bad for people holding said thing.
  - mywittyname 10y ago
    > Good for people who need said thing, Which is everyone. > bad for people holding said thing. Not really. The whole idea behind commodification is that prices should drop to the minimum sustainable level. Sustainable means a return on investment that is appropriate for the risk taken. Electricity could be $20 a kW/hr and we'd all pay it. But I'm sure you don't say that it's "bad for power companies" that they can only charge $0.12 a kW/hr.

kasey_junk 10y ago

That is likely an age bias.

soulnothing 10y ago

I rented an apartment in Philadelphia earlier this year for six months. When it came time to renew I looked at apartments and single homes. The issue I had with the apartment was the build quality, and building owners. I pretty much lost my security deposit due to the poor materials. In addition the walls were so thin every one was able to hear every one else, and noise complaints were constantly filed. When I looked around I wanted to be near city transit. Under 1500 one bedroom was the target. I couldn't find anything with good build quality. Sure there were stainless appliances, granite counter tops. But the cabinets were particle board easily chipped. The appliances while stainless were small, and inefficient. The walls were paper thin, etc. Among my friends they target homes, due to the build quality of the apartments, not because they want them specifically.

TulliusCicero 10y ago

> that's when prices fall. Good. Low prices for things people need is a good thing.

RhodesianHunter 10y ago
Good for people who need said thing, bad for people holding said thing.
- mywittyname 10y ago
  > Good for people who need said thing, Which is everyone. > bad for people holding said thing. Not really. The whole idea behind commodification is that prices should drop to the minimum sustainable level. Sustainable means a return on investment that is appropriate for the risk taken. Electricity could be $20 a kW/hr and we'd all pay it. But I'm sure you don't say that it's "bad for power companies" that they can only charge $0.12 a kW/hr.