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Isn't this obvious? Yes, per-adult, multi-generation family homes are even more cost-effective than for couples (even accounting for smaller pensions compared
by necovek 10mo ago
Isn't this obvious?
Yes, per-adult, multi-generation family homes are even more cost-effective than for couples (even accounting for smaller pensions compared to salaries), and both are more cost-effective compared to singles.
Apart from growing prices, my experience (not in Canada though) is that living spaces are growing too, as we are not satisfied to live in the same cramped 20m2 studio as singles were 30 or 50 years ago.
- KK7NIL 10mo ago> we are not satisfied to live in the same cramped 20m2 studio as singles were 30 or 50 years ago. I conjecture that this is, at least partially, caused by modern people being more isolated and even when they do socialize there's less "third spaces" to get together with friends so someone ends up having to host the superbowl watch party in their apartment, for example.
- darth_avocado 10mo ago> living spaces are growing too Median home sizes have gone from 1400 sqft in the 70s to 2400 sqft in recent years. https://www.bankrate.com/real-estate/average-home-size/ https://www.bankrate.com/real-estate/average-home-size/ Part of it is the economics of construction. Part of it is growing threshold for “bare minimum”. In unit laundry was optional in the 70s and I’ve heard people wanting a “laundry room”. Pandemic has pushed the need for an office. Larger kitchens and more storage space is also a big difference in newer units vs older ones.
- SoftTalker 10mo agoIn the '70s, in-unit laundry in a rental apartment was almost unheard of except at perhaps very top end. An on-premises shared laundry room was normal but having to go to a laundromat was not uncommon either. I did not have laundry facilites of my own until I bought a house.
- DauntingPear7 10mo agoIt’s $1.75/load where I live now. Small washers and dryers
- potato3732842 10mo ago>Median home sizes have gone from 1400 sqft in the 70s to 2400 sqft in recent years. Because you literally need more square footage to amortize all the regulatory required and industry checkbox required bullshit over. Ain't no different than General Motors saying "no more small cars from us in the US".
- jeffbee 10mo ago30 years ago I did not need to rent a 20m² studio. As a young college student I rented a spacious 750 sq. ft. 1-bedroom, furnished apartment that was more than affordable on my paycheck from driving a forklift at the pipe yard.
- lifestyleguru 10mo agoCurrently it's impossible to rent 70 sqmt furnished apartment anywhere in the developed world from a warehouse, agriculture, or hospitality job. Maybe if you worked in Amsterdam and lived in Cambodia.
- jeffbee 10mo agoIndeed. We need a lot more small apartments for individuals. It goes against conventional wisdom that we need more "family-sized homes" but in reality every jurisdiction just needs a ton of 1-bed units.
- bryanlarsen 10mo agoToronto overbuilt tiny condos and now prices are down 15% from 2023 peak. Other types of house prices are roughly stable. Hard to draw too many conclusions since "down 15%" is still "way to fricking expensive", but...
- jeffbee 10mo ago"overbuilt" seems editorial. Drive the price to zero. Nobody says that we overproduced potatoes just because they are all ten kilos for a dollar.
- bryanlarsen 10mo agoThey certainly do say that about potatoes in producer contexts.
- bryanlarsen 10mo ago30-50 years ago, a cramped 20m2 studio as a single was a luxury; the standard was to have roommates if you didn't have a partner.
- notatoad 10mo ago>we are not satisfied Some of us might be satisfied, but zoning and development approvals seems to have a hatred of small apartments. The ones that get proposed meet fierce opposition from locals who are afraid of having too many neighbors who aren’t rich people.