Should public policies favor rental apartment or condo development? Cities need both: rentals tend to be cheaper and are best for people who don’t plan to stay long in a community, and condo ownership allows moderate-income households have more control over their housing and build equity.
Why Seattle Builds Apartments, But Vancouver, BC, Builds Condos. Why all those high rises are apartments, by Margaret Morales at the Sightline Institute describes how different public policies affect the types of multifamily housing being built in Seattle and Vancouver. It’s interesting analysis and useful for identifying policy reforms needed to increase affordability for different types of households.
What do you think?