Quote:
Originally Posted by Don't Be That Guy
Hopefully the new units will put some downward pressure on the rent of existing apartments in Shadyside and Squirrel Hill, or at least incentivize landlords to improve the units to justify the rents they are asking.
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My dream is that more of the subdivided houses will be converted back to SFH status. Lots of people would like to buy, for example, in a neighborhood like Bloomfield, but given it's so dominated by rental housing chopped into two units, it's pretty difficult to land a house there compared to say Lawrenceville.
My understanding from landlords of the economics of these things is that only two-unit rentals will ever be converted back - three unit and above make too much money for landlords. So we'll likely be stuck with some of the horrendously remuddled homes in say Friendship from now till eternity.