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"Buying apartments" is not something that happens for most places in the United States, so no. Condos and townhomes exist, but are not what I call the norm comp
by unethical_ban 4y ago
"Buying apartments" is not something that happens for most places in the United States, so no. Condos and townhomes exist, but are not what I call the norm compared to houses and apartments for rent.
I know people can rent single-family homes, but I am also against institutional home-ownership. My point is that living-quarters ownership should be more universal.
>Nobody's trying to "take away homeownership"
When houses come down and apartments go up, they are. When companies holding hundreds of millions of dollars of capital buy houses during a recession and say "millennials don't want to own homes anyway, we're doing them a favor", yes, they are.
- Gigachad 4y agoWhy is this? In Australia, buying an apartment is an extremely common thing, it’s not as common as buying a house but still a normal thing.
- raldi 4y ago30 million Americans own apartments; 40 million rent them. So yes, buying apartments is absolutely something that happens in the United States, and will happen more if the prices come down.
- unethical_ban 4y agoWhat are you calling an apartment? I know of no one in my life, acquaintance or otherwise, who has equity in a unit of housing in a building with a large number of units. And if someone does, that's typically called a condo, which at least in my 2 million person city is not common compared to houses or rental apartments.
- raldi 4y agoYour anecdotes aside, "About 30 million Americans live in co-owned homes, including 1 in 5 homeowners in metropolitan areas." Source: https://archive.is/eFvQJ https://archive.is/eFvQJ , under the heading, "Condos of all kinds, everywhere"
- unethical_ban 4y agoAh, so "condos". Like I was asking you. Thank you for the source.
- deleted 4y ago[deleted]