I’ve been noticing a staggering amount of these huge mega apartments going up with 500+ units all around me.
For the first time since the 70s, multi unit apartments have been outpacing single houses. But this doesn’t display the actual number of apartments, just buildings that have 2+.
At every housing peak, there is a recession quickly after a sharp decline. Apartments offer a family the chance to have housing in case they have to abandon their primary house. Seems like a good backup plan if there is an impending housing market collapse.
Idk how people even afford a new house. If we were to sell our house for what we paid for, we would not be able to afford it back even though our salaries have increased.
If someone were to buy our house right now, their mortgage payment would be about 2.5x what ours is right now. For the same house with no changes.
