3 ms·
For a lot of people, that 1BR apartment is heaven. It's easy to get to work, easy to see friends, easy to go to bars and restaurants. Cost-wise, it's a great de
by thehappypm 5y ago
For a lot of people, that 1BR apartment is heaven. It's easy to get to work, easy to see friends, easy to go to bars and restaurants. Cost-wise, it's a great deal too. Even with rents being "high" (maybe $3000/month all-in) that renter never needs to replace a roof, a boiler, repair hardwood flooring, pay the electrician or plumber, renovate after a flood, or any other huge costs that can balloon into the $10k+ range.
Some people see housing as more a means-to-an-end and like the city life. Other people hate the city and want green space and bonus rooms.
The problem is that America is getting more urban (just look at the 2020 census) but our housing stock hasn't build the townhomes and condos needed to support it.