2 ms·
My suspicion is the housing market sorely needs investment forcefully pushed out of single family housing and (maybe/less convinced) cooperative apartment compl
by ianai 4y ago
My suspicion is the housing market sorely needs investment forcefully pushed out of single family housing and (maybe/less convinced) cooperative apartment complexes forcefully pushed into market. There’s a single cooperative in my entire state and they’ve stopped taking applications due to the wait list. In any event, it’ll be interesting to see what the end of this decade and beginning of the next looks like as the Boomer held homes start to open up. Will the population demographics change to need fewer or more homes?
(Btw, that is altogether way too long to wait.)
I tried to bootstrap the rent/mortgage trade off discussion to some older gen-Zers and millennials at work recently. Couldn’t get far at all until I got talked over about the financial superiority of owning. Frustrating times.