4 ms·
People absolutely want large detached houses, but housing developers want to build densely packed multi-family housing because they're more profitable. To me i
by gascan 8y ago
People absolutely want large detached houses, but housing developers want to build densely packed multi-family housing because they're more profitable.
To me it has always seemed that presented a big empty plot of land, large detached houses are more profitable for the builder- I figure single houses are probably easier to slap together. Then, as an area grows and land is suddenly constrained in supply, then the developer wants to build dense.
- Spivak 8y agoYou're right, single family houses are very nice for the builder. Simple, relatively cheap, build-sell-and-move-on. Multi-family houses are more profitable for the owner. You pay some maintenance costs but you also collect a profit on recurring condo fees, services you provide, and deals you might make with other companies (like internet providers).