4 ms·
What is your point exactly? Yes, the same house is no longer affordable, but “housing” is affordable because you can now buy an apartment at a reasonable price.
by zamfi 6y ago
What is your point exactly? Yes, the same house is no longer affordable, but “housing” is affordable because you can now buy an apartment at a reasonable price.
The areas where housing is no longer affordable are the areas where you can’t buy any housing with the median income, not where the fanciest housing is inaccessible to the median income.
What form that housing takes (detached house, apartment in a duplex, then 4-pled, then larger apt building) will change over time as density increases.
- maxlamb 6y agoMy point is that real estate cannot be a good investment and affordable at the same time in the long run. In your example, if the affordable apartment stays affordable the next 20 years then it’s not a good investment. In many cities that small apartment was good investment because now even those small apartments are no longer affordable (i.e downtown Denver, downtown Austin).