maybe i'm wrong since i'm not an economist, but i see tons of new apartment complexes all over the country being built in sites where houses would have been in

maybe i'm wrong since i'm not an economist, but i see tons of new apartment complexes all over the country being built in sites where houses would have been in the past, which, to me, indicates that the future is a huge renter class with renting being socially normalized. not sure if this is a good or bad thing. i believe that many of today's social expectations around home ownership are a relic from a time where land was widely available and (suburban) home ownership was a mostly-new concept. i also believe that home ownership is a ton of work and a long-term debt trap for a lot of people. if that's true, i can see the appeal of being able to rent homes that are ready-made and allow for popular types of modifications (painting walls, changing out appliances, adding a new room) with maintenance built in.