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That's started to happen again in the US, but you have to remember that many US cities were fairly dangerous and neglected until about 20 years ago.
by JBReefer 9y ago
That's started to happen again in the US, but you have to remember that many US cities were fairly dangerous and neglected until about 20 years ago.
- surveilmebro 9y agoAnother factor that is present in some places (at least here in Seattle) is that certain regulations discourage condo construction relative to building rental units. Essentially, there is a stricter inspection process for any units that are to be sold. The law was well-intentioned, but has led to crazy things like 10-20k luxury apartment units being built per year with none of them available for purchase.