Earlier quoted context omitted.
Not at all. Renting with no road to purchase turns you into serf. Owning your dwelling is the most basic form a security a human needs. I own a condo that I rent and live renting in other part of my city. The rents cancel each other. It works very nice for me. I definitely wish more people own their homes. I also love highrises.
I'm not sure this rather dated precept is compatible with the exigencies of 21st century economics, and the flexibility, mobility and long hours demanded. For one thing, houses are cash sinks. It doesn't make sense for highly paid professionals to spend enormous amounts of time or money reshingling roofs, painting, mowing lawns, treating weeds, trimming hedges, repairing plumbing, etc. The deep specialisation and con…
The cost of maintaining a house in the smallish 50 stories highrises in Shanghai per unit is a lot lower than for one level detached house.
Density gives ability for a lot of savings in everything.