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A comment on The majority of 18- to 29-year-olds in the US are now living with their parents. Parent comment

Re:The majority of 18- to 29-year-olds in the US are now liv... by alchemism on Wednesday September 16, 2020 @12:23PM (#24494173)
No, you have the option of buying a condominium apartment in most cases.

Here in the Philadelphia urban real estate market —- which has no shortage of reclaimable housing —- the break-even point for builders is about triple the value of the existing homes. No current resident can afford to buy one, so single family homes get converted into tiny “luxury” condos.

[Edit: there are city subsidized ‘tiny-housing’ developments but these are more for welfare recipients than regular buyers.]

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Re:The majority of 18- to 29-year-olds in the US are now liv... by kickopotomus on Wednesday September 16, 2020 @02:52PM (#24496075)
The same thing is happening here in Austin. Developers are buying up older properties, demolishing them, and then splitting the lot into 2 or 3 sections and building smaller "modern" homes/condos.
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