BonesIIX t1_j6ohikr wrote
Reply to comment by Maxpowr9 in High Density Housing Development Near South Shore Plaza Receives Pushback by amos106
I mean there are high rise residential buildings that are condos rather than apartments. It seems like people simply forget that it's possible to have a construction company that isn't also a management company.
There's a way to build density but actually give the occupants actual ownership. That's my problem with all the new developments. How is it going to help someone to buy a living space when they spend about the same, if not more to rent than a mortgage?
Equity from an owned unit is so fundamentally important for wealth building over the decades you live in a space. Sure people have space to live but are essentially kept at a huge financial disadvantage by living in apartments vs condos.
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