4 ms·

So you have a city like Los Angeles or NYC. You convert all housing to single family homes. Can more people of fewer people live there now?

• ameister14 4y ago
  Why would you convert all housing to single family homes? Do people not own apartments for some reason?
  • carom 4y ago
    >That said, without a rental market the price of houses goes way down. I see that you are saying you would simply sell the apartments instead now. What is the solution for (e.g.) new grads who do not have a down payment yet? Why aren't tenants currently pooling their money, purchasing the properties they live at and converting it to a Tenancy in Common? I do not think prices will drop without a rental market. Prices might even increase because you are making the market much less efficient. It will also make building new units more difficult as there will almost always be a holdout in the building.