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I still stay this is mostly about financing.

1) A good chunk of Americans are 1) un(der)employed, don't have the money for a down payment, or have a very impaired credit history. This is also very true for what would be first time buyers.

2) You only option is renting.

3) Renting makes the most sense in multi-unit buildings.

And double that down that as a developer, it is far easier to get financing to build an apartment building than anything else.

by charlie on Sep 6, 2012 10:50 am • link • report

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