Re:U.S. house prices are rising exponentially faster than in...
by dcolkitt on Saturday October 30, 2021 @09:39AM
(#29048658)
One driver of that is the model of owner occupied housing as the primary mechanism of middle class wealth accumulation.
Traditionally SFHs tend to perform much better as investments than condos. When you’re in an environment of secularly rising prices, you’re heavily pressured to get on the property ladder.
People want to buy and own an SFH as soon as they can. Otherwise if they get a condo the risk is the SFH market moves away from them and they’ll be priced out when they need it.
Traditionally SFHs tend to perform much better as investments than condos. When you’re in an environment of secularly rising prices, you’re heavily pressured to get on the property ladder.
People want to buy and own an SFH as soon as they can. Otherwise if they get a condo the risk is the SFH market moves away from them and they’ll be priced out when they need it.