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@ah,

No, that's not the question at all. The MID applies to everyone, whether they're buying an urban condo or large-lot McMansion. I'm not asserting that those differences are because of the MID - I'm asserting that there are differences in the ownership rates of those types of housing, and therefore the MID is biased against urban housing options because of the different rates of ownership (i.e. lower rates of ownership) in urban areas.

Urban home ownership is lower not just because of urban populations - even areas with similar wealth characteristics have lower ownership rates - but because of higher prices and more complicated ownership structures - dividing up a condo is more complicated than owning a single family detached house fee simple.

by Alex B. on Nov 12, 2010 2:43 pm • linkreport

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