Before you accuse them of being slums, maybe take a look at the construction quality of your own recently-built single family home. It’s not like Ryan Homes are built to last.
5-over-1s are being built across the country because almost every metro area has high housing demand.
NIMBYs can’t seem to imagine someone choosing to live in a multi-family home. They’d rather the middle/lower middle/working class stay out of their town entirely and keep their inflated property values for their single family home.
Fun fact: one condo building generates the same/more property tax income than a square mile of single family homes.
So if you like low taxes in your city you’ll welcome 5-over-1s with open arms. Single family homes alone basically can’t sustain city coffers because they generate so little revenue per quantity of land, even lower than trailer parks.
5-over-1s are being built across the country because almost every metro area has high housing demand.
NIMBYs can’t seem to imagine someone choosing to live in a multi-family home. They’d rather the middle/lower middle/working class stay out of their town entirely and keep their inflated property values for their single family home.
Fun fact: one condo building generates the same/more property tax income than a square mile of single family homes.
So if you like low taxes in your city you’ll welcome 5-over-1s with open arms. Single family homes alone basically can’t sustain city coffers because they generate so little revenue per quantity of land, even lower than trailer parks.