Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by pc86 on Tuesday November 02, 2021 @04:52PM
(#29087197)
Apartments are great, unless you want a yard, a large family, to let your parents[-in-law] move in so you can take care of them, a large dog, more than two cats, more pets than the property owner has arbitrarily decided to allow, equity, a barbecue, frequent parties, or the ability to not have to pay rent or a mortgage someday. Buying apartments is not the norm, nor are ones large enough for a family with more than 1 or 2 kids.
Raising property taxes on SFH rentals, but not apartments will make apartments more attractive. Sure, renting a house has advantages, but those advantages have a price, and how many renters are going to be willing to pay 40% more per square foot for a SFH over an apartment.
At some point, even an expensive mortgage is a better deal.
Apartments are great, we should incentivize apartments. They are high density and can be built in a variety of sizes.