Quote:
Originally Posted by ozone
I've heard so many people simply scoff at the price of these lofts or condos and then say "I can buy a whole house for that price".
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I've heard that more than my fair share too. In that sense, it seems it might take a new generation to overcome that "whole house" in the burbs versus loft/condo thinking on a regional level.
Many peoples "value" of a residence is still tied up in size of house and yard. I value many other things other than size and yard (I don't have/want a yard). "Value" is subjective to everyone, and right now the majority of people still see "value" in terms of size of house and yard.