One reason the U.S. government pushed for homeownership is because it’s thought to reduce turnover and build strong communities. Owners have a vested interest in their properties whereas renters don’t—but what if were to change?
Hong Kong, for example, has a significant number of apartment buildings where units are rented out as shells and it’s the responsibility of the renter to finish them and make them habitable. Renters have a reason to stay put and maintain the unit because they effectively own a chunk of it. When they do move out, a new renter adds a new interior, so units are always being updated.
Can this setup work for rental buildings in the U.S.?
Source: Metropolis
Related Stories
Multifamily Housing | Apr 22, 2021
The Weekly Show, Apr 22, 2021: COVID-19's impact on multifamily amenities
This week on The Weekly show, BD+C's Robert Cassidy speaks with three multifamily design experts about the impact of COVID-19 on apartment and condo amenities, based on the 2021 Multifamily Amenities Survey.
Multifamily Housing | Apr 20, 2021
Two new residential towers set to rise in Nashville
Goettsch Partners is designing the buildings.
Multifamily Housing | Apr 14, 2021
Miami's Adela at MiMo Bay combines a residential building with an American Legion facility
The five-story residential building features 236 units and a new American Legions Facility for military veterans.
Multifamily Housing | Apr 12, 2021
103 income-restricted residential units under construction in Downtown Denver
KTGY is designing the project.
Multifamily Housing | Apr 2, 2021
250-unit rental building opens in Brooklyn
CetraRuddy designed the project.
Multifamily Housing | Mar 30, 2021
Bipartisan ‘YIMBY’ bill would provide $1.5B in grants to spur new housing
Resources for local leaders to overcome obstacles such as density-unfriendly or discriminatory zoning.
Multifamily Housing | Mar 30, 2021
ProCONNECT Multifamily, ProCONNECT Single-Family open for Developers, Builders, Architects
Sponsors and Attendees can still sign up for ProCONNECT Multifamily April 21-22, ProCONNECT Single-Family for May 18-19
Multifamily Housing | Mar 28, 2021
Smart home technology 101 for multifamily housing communities
Bulk-services Wi-Fi leads to better connectivity, products, and services to help multifamily developers create greater value for residents–and their own bottom line.
Multifamily Housing | Mar 27, 2021
Designing multifamily housing today for the post-Covid world of tomorrow
The multifamily market has changed dramatically due to the Covid pandemic. Here's how one architecture firm has accommodate their designs to what tenants are now demanding.
