Quote:
Originally Posted by davidcappi
I think there are a lot of people who just don't want to buy, you know?
|
5% down payment minimums aren't much of a barrier any longer. And money is dirt cheap right now. At $1000+ for a small one bedroom, the tilt towards mortgage vs. rent becomes much more obvious in my opinion.
Apart from that, I think there needs to be more of a massing of owned condos in the core- most buildings I've ever lived in that have been majority renters or rental only, seem to deteriorate much more quickly than majority owner buildings. Just my experience.