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Originally Posted by aceventura3
So we see building permits for apartments up 17%, I am sure some can rationalize why that is insignificant, I just bring it up to see how it is rationalized.
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Not insignificant I don't think. If people can't afford to buy a house, they still have to live somewhere. More people are also choosing to buy an apartment (marketed as a condo in a lot of places) as opposed to a house. Does this indicate that more Americans are finding homes beyond their reach? Or are they just choosing to 'take less space'? I have single friends who own three bedroom suburban homes. Nothing against if that's what they want, but it does seem a wee bit inefficient in the big picture. If more people like this are finding a condo a better choice, I don't know that it is a bad thing. On the other hand, if families are being squeezed and simply can't afford to live in a home that fits their family anymore, then that probably is a bad thing.