2 ms·
Yes, in theory. But, we have such a supply problem (in popular US metro areas) that prices continue to go up, even when we add capacity. In my immediate area,
by alistairSH 3y ago
Yes, in theory.
But, we have such a supply problem (in popular US metro areas) that prices continue to go up, even when we add capacity.
In my immediate area, there is very little SFH stock being added - it's almost exclusively large THs and rental apartments (but not condos).
The apartments rent for "luxury" prices ($2500-$3500+/month) but are just generic 1-2 bedroom flats without any true luxury features.
The THs are "near-luxury" - better than "builder grade" finishes, but nothing special either. And sell for $800-$1.2 million (for a typical 3-bed, 1-2 garage, 2500sqft floorplan).