3 ms·

Maybe more people selling property instead of collecting money forever for winning the land lottery 50 years ago it is a good thing.

• pmikesell 7y ago
  That would remove rental units from the market and further increase cost of living for folks who can’t purchase. What would be the positive effects?
  • eru 7y ago
    It also takes a tenant out of the market. So the net effect on other renters is pretty slim.
    • sct202 7y ago
      In Chicago, a lot of multi-units (2+ flats) are converted to single large SFH, so the net effect could be worse especially if prices were to go down that it would be attainable to do that.
      • eru 7y ago
        Interesting! I wonder about the economics of that? Do they just knock down a wall in the middle? Or is there any new construction involved? (Usually the developer wants to go for higher intensity to sell more units per land.)