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By selling your single family home to a developer who puts many homes on the same lot as your former SFH, you will be helping solve the problem.
by BenFranklin100 2y ago
By selling your single family home to a developer who puts many homes on the same lot as your former SFH, you will be helping solve the problem.
- toomuchtodo 2y agoOnly if those multi family units are sold at a reasonable price, or rented at a sustainable rent. There is no guarantee this happens if I sell to a developer. It is guaranteed if I develop the property.
- BenFranklin100 2y agoIt doesn’t matter a whit what price the developer tries to sell them at or what a landlord tries to charge for rent. There is something called ‘supply and demand’ and it applies to housing as it does to everything else. More units expand the supply and put downward price pressure on existing units. The reason housing costs are so high is that there are too few homes and thus landlords and homeowners charge outlandish prices because people have little recourse but to pay since they are so few options.