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by lalaland1125
275 days ago
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I think you are incorrectly missing that many larger units (both 3+ bedroom apartments and houses) are currently filled with singles or couples with roommates who would rather live alone in 1 or 2 bedrooms, but can't due to inadequate supply. Building 1/2 bedrooms would help those people move out, freeing up larger units for families. > I fear it's just going to enrich the property management class The property management class benefits most from the current system with no construction and high rents. Building a bunch of 1/2 bedrooms, triggering lower rents, would cause them to lose money. |
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On top of that, most jurisdictions (in the US) subsidize property tax rates for senior citizens, so there is a lot less price volatility for simply remaining in one’s home (or even moving to a different, but smaller detached single family home).
Unless a person specifically wants an urban lifestyle in a shared building, I don’t see much impetus to move out. Worst case, they get to stay in their home they have gotten used to and have space for visitors, best case they save a bunch of money and sleep easy knowing their costs are more controlled.