Re:The housing market needs more condos
by jimbob45 on Saturday February 12, 2022 @04:35PM
(#30316743)
> A lot of people have a big chunk of their net worth tied up into home equity because it's sort of the "ordained" path to building wealth for the middle class
The flipside is that a lot of people spend a big chunk of their lifetime earnings on rent with no return simply because the barrier of entry to home ownership is so high.
I agree that housing shouldn’t be an investment first or by default and I agree that condos would be an excellent vehicle to bring more into home ownership by lowering the cost of entry.
The flipside is that a lot of people spend a big chunk of their lifetime earnings on rent with no return simply because the barrier of entry to home ownership is so high.
I agree that housing shouldn’t be an investment first or by default and I agree that condos would be an excellent vehicle to bring more into home ownership by lowering the cost of entry.