Curious to know if they’re counting buildings or units. Blackstone owning one ranch-style house would be very different than Blackstone owning a 500 unit tower block.
The cost of housing isn’t just the price of the unit. If you need to spend an extra $500/mo on the commute, plus random budget buster repairs, a “cheap” house can be less affordable than an “expensive” one.
Curious to know if they’re counting buildings or units. Blackstone owning one ranch-style house would be very different than Blackstone owning a 500 unit tower block.
I don’t know, IMO a home is a home. You can buy a condo just like you can buy a house. You can buy a condo bigger than some houses.
A very big building holds more people than a very little building
What difference does that make? This is about housing prices, not capacity.
The cost of housing isn’t just the price of the unit. If you need to spend an extra $500/mo on the commute, plus random budget buster repairs, a “cheap” house can be less affordable than an “expensive” one.
Those things can both apply to a condo.