3 ms·
Aren't most rich people living in their own houses? I'd imagine most higher priced apartment renters are middle class.
by powersnail 6y ago
Aren't most rich people living in their own houses? I'd imagine most higher priced apartment renters are middle class.
- warent 6y agoI think these days high priced apartments are only affordable by the wealthy, unless people are grouping together with multiple roommates, at which point it means they can't actually afford the apartment, so is it really middle class anymore?
- trillic 6y agoIf 4 22 year olds making 50k each share a $3,000 4bd 2ba rental "for the rich" I'd say they're middle class and can afford it.
- deleted 6y ago[deleted]
- ArchOversight 6y ago4bd 2ba for $3k ain't happening in SF ;-)
- fwip 6y agoMost places aren't SF
- deleted 6y ago[deleted]
- jandrewrogers 6y agoNo, quite a lot of the rich live in rental property, at least part of the time. There are disadvantages to owning, even if you can afford it, and not everywhere you want to live may be for sale.
- BoorishBears 6y agoAcross the street from me in a similar building to mine with condos instead of rentals, a studio goes for 1M. Unless I'm set on living in NYC for the rest of my life I'm not buying real estate here. I imagine most people apply the same logic