pleiop t1_jacofe3 wrote on February 28, 2023 at 2:15 PM

I don't think it's that thought out. Building a rental is more profitable than a single family home. Especially in high population centers.

GhostOfRobertTreat t1_jacuxuj wrote on February 28, 2023 at 3:02 PM

It’s 100% this. Speaking to some developers a few years back and they thought a 1BR condo would have to sell for $450k to make it more worthwhile to them than a rental. I think a 2br was pushing 600k. That was like 5 years ago.

You don’t see a lot of condos in JC right now either. It’s all rental everywhere.

tuggyforme OP t1_jacspc5 wrote on February 28, 2023 at 2:47 PM

Don't know, but it sure is the result.