tipperzack6

tipperzack6 t1_ja8oetp wrote

The solution is buy whole single family blocks and knock them all down and build 5 story density 2-3 bedroom apartments. Do that till rent prices are 1000 average.

But that will never happen. A maybe possible solution is take single family homes and make them into double family. That could double the housing stock of an area within 6 to 10 months.

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tipperzack6 t1_ja8f69b wrote

The place is empty now, so no family is living their. So 2 family renters would decrease demand by 2 families.

Hey anyone can come and buy the property. A single family owner could buy it and make it a single family home for the next 30 years. That would reduce the housing stock by one.

The market and town wants someone in their now. Paying taxes and keeping upkeep. The faster the better

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