4 ms·
> People are choosing suburbs based on costs. The aver person has little ability to choose based on any other reason. That's quite a wide unsubstantiated gener
by jjav 5y ago
> People are choosing suburbs based on costs. The aver person has little ability to choose based on any other reason.
That's quite a wide unsubstantiated generalization.
Tons of people have no interest in living in a tiny apartment in a tall building and will happily pay extra to move to the suburbs to avoid that.
- bobthepanda 5y agoIn hot housing markets there is nowhere near enough supply to meet demand. The price per square foot is reflective of what the market will pay, first and foremost. The large cost premium in hot cities suggest that the unmet supply of apartment is much larger in percentage terms than the unmet supply of single family housing. In my area rents are already recovered from their COVID slump and still rising.