Quote:
Originally Posted by mrnyc
err, hate to break it to you tex, but many families pay that money and much more for apts and terracehouses and not all the walls are hollow.
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Many do, i'll grant you that, but most do not.
https://www.statista.com/topics/5144...#topicOverview
"Everyone wants to feel like the king or queen of their own castle, and there is no other type of home that makes one feel this way more than a single-family house. In the United States, the majority of housing units are single-family houses – about 82 million out of the total 129 million occupied units in 2021. These homes are mostly owner-occupied, but a small share is rented. Most of the sales are of existing homes and just a small share is of newly built homes. In 2022, 5.8 million existing home sales took place, versus 644,000 newly built home sales."
Some math = 82/128 x100 = 63.5%
Therefore, almost 2/3rds of the homes n the USA were single family homes in 2022 (last year).
Some more math = 5.8 / 6.444 x 100 = 90.006
And 90% of the buyers of homes last year bought existing homes, not brand new ones.