It seems that many people are giving up on the idea of owning a home and instead finding apartments for rent in Ca.
Because of the recession housing construction came to a screeching halt. Now it appears to be slowly coming to life again. But this time it isn’t houses that are being built. It is apartment complexes according to the folks at https://www.cbsnews.com/stories/2011/06/16/eveningnews/main20071786.shtml.
“There was a paradigm shift,” said Kyle Donovan of City Constructors Inc. Donovan used to focus almost exclusively on single-family houses in Ca. But as that construction ground to a halt, apartments and condos now make up to 60 percent of his business.
“In order to stay alive and to stay working, you had to go where the money was,” Donovan said. “And the money right now is in multi-family and apartment buildings.”
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