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It can't make lots simultaneously more valuable and cheaper to acquire Existing homeowners won't subdivide and leave. They will split their sfh lot and rent it
by foogazi 2y ago
It can't make lots simultaneously more valuable and cheaper to acquire
Existing homeowners won't subdivide and leave. They will split their sfh lot and rent it out. Look at people investing into ADUs
It will be cheaper in the sense that renting a room is cheaper than renting the house when looking at total outlay, but not when looking at sqft ownership
We complain about housing being an asset and instead turn every lot into an investment opportunity
- bryanlarsen 2y ago> not when looking at sqft ownership Which is a relatively minor consideration. Yes it's nice to have some garden space. But not when the garden adds $1M to the price of your house.