3 ms·
I don't have a source. But conceptually, a condo or apartment generally has fewer square feet per bedroom, and doesn't include the land. I'm not sure how to cap
by pchristensen 6y ago
I don't have a source. But conceptually, a condo or apartment generally has fewer square feet per bedroom, and doesn't include the land. I'm not sure how to capture this for rentals, but if you find a neighborhood with both apartments and single family homes, and look on Zillow, comparably size homes will cost more. I live in a house that's part of a condo complex (association, no private yards, no garages), and the exact same structure elsewhere in our neighborhood with a small (~3K sf) lot and a garage cost $200k more.
- leetcrew 6y agoI did find this article [0] that argues the opposite: that (high-rise) condos are indeed more expensive per square foot. the fewer square feet per bedroom could be enough to offset this. I guess it doesn't really matter what the reality is; you could still be right that people perceive apartment dwellers not to be paying their fair share of school funding. [0] https://financialpost.com/real-estate/condos-cost-more-than-houses-per-square-foot-but-in-some-markets-the-gap-is-closing https://financialpost.com/real-estate/condos-cost-more-than-...
- pchristensen 6y agoYes, towers cost more per sq ft, but I’m talking about local comps - a house in a neighborhood with towers would cost tens to hundreds of millions of dollars. In most of America, towers are rare. Think more of 3 story apartment buildings along suburban arterials - those are unquestionably less expensive than the houses between the arterials.