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Is this true? I'm trying to think of a solid example and I'm drawing blanks. Apartments aren't really comparable to houses. They're relatively small units whic
by CivBase 9mo ago
Is this true? I'm trying to think of a solid example and I'm drawing blanks.
Apartments aren't really comparable to houses. They're relatively small units which are part of a larger building. The better comparison would be to condominiums, but good luck even finding a reasonably priced condo in most parts of the US. I'd guess supply is low because there's a housing shortage and it's more profitable to rent out a unit as an apartment than to sell it as a condo.
It seems to me that most people rent because 1) they only need the thing temporarily or 2) there are no reasonable alternatives for sale.
- rootusrootus 9mo agoLots of people rent houses, it’s not just apartments.
- 9rx 9mo agoAnd even ~40% of so-called homeowners rent money in order to be there.
- Waterluvian 9mo agoCheck out the furniture rental industry. Car rental (lease) industry. Electronics rental industry.