Small Apartments: Are We Building Too Many?
[{"id": "coux7mj", "text": "1 Beds are the easiest to rent....and you can get more of them in the same footprint. It's all about the Benjamins.", "replies": [{"id": "cov0vb3", "text": "They also turn faster and generally target individuals with less fiscal credit.  I'm a fan of 1 bd's/studios too but 3 bd's imo have been underbuilt for a long time.  At least here they sit with a wait list and are in high demand.  Typical tenants stay a long time and are dual income households etc.  \n\nThere are lots of advantages vs trying to tap the millennial market who is going to move out in 2 years or get fired from his first job 5 months into it.\n\nAnyhow back to the article though, thats certainly something I have noticed.  I haven't seen this here, but I keep hearing about multi generational housing.  This seems somewhat to conflict directly with that.  \n\nMaybe the current market is the new normal and we need high end studios/1 bd's for the wealthy young professionals and retirees and can ignore the rest of the market.  I kind of doubt it and think these places building all luxury 1bd's are going to have an issue as the millennial age and maybe want to continue to live in urban areas but with a wife and kids.", "replies": [], "depth": 2}, {"id": "cov65ef", "text": "Configuring it in a way that would allow for easy conversion into a 2-bedroom would be cool to design (for a developer) and show downline exit strategy for potential investors. ", "replies": [], "depth": 2}], "depth": 1}]