No, you have the option of buying a condominium apartment in most cases. Here in the Philadelphia urban real estate market —- which has no shortage of reclaima

No, you have the option of buying a condominium apartment in most cases. Here in the Philadelphia urban real estate market —- which has no shortage of reclaimable housing —- the break-even point for builders is about triple the value of the existing homes. No current resident can afford to buy one, so single family homes get converted into tiny “luxury” condos. [Edit: there are city subsidized ‘tiny-housing’ developments but these are more for welfare recipients than regular buyers.]