4 ms·
Is this correct? Or is this correct: As housing prices rise, it becomes cost effective to replace simplexes with duplexes, threeplexes, etc., causing the value
by i_am_proteus 7y ago
Is this correct?
Or is this correct:
As housing prices rise, it becomes cost effective to replace simplexes with duplexes, threeplexes, etc., causing the value of all simplexes to rise.
- kradroy 7y agoThe latter is correct. The price per sq ft will be at parity during development. Then buyers will compete for the smaller units that replaced the SFH properties. $/sq-ft will rise and pass over to existing, neighboring SFHs.