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> While condos are attractive for people who can't afford regular homes The people profiled in the article are not clinging to their condo because they can't a
by Algemarin 4y ago
> While condos are attractive for people who can't afford regular homes
The people profiled in the article are not clinging to their condo because they can't afford a "regular home". They already bought a house, they just had two properties:
> In 2004, right before they had children, they moved out and into a house four miles away, so their twins could grow up with a backyard. But they always planned to return to the condo so they held onto it, renting to a trusted tenant and looking forward to retirement there.
Where's the article about how people who own two residences are depriving people with no residences?
- swalling 4y agoDon't assume that these particular owners are the norm. They are highlighted in the article because of the unusual situation with the takeover by a developer. The more typical condo buyer looks more like a senior on a fixed income looking to downsize or a first time buyer in a expensive city who can't possibly afford a single family home.