4 ms·
Why would you convert all housing to single family homes? Do people not own apartments for some reason?
by 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.