Dear Editor: I am concerned about private equity and investment corporations buying up the stock of single-family starter homes and driving up prices and rents in here Madison.
Young people trying to get into the housing market are being priced out. My house in Madison has two bedrooms, an eat-in kitchen, living room, a single bath, full basement and walk-up attic. The yard is small and the garage is for one car. It is assessed at nearly $280,000. How can a young person starting out afford to buy a home at such a high price?
Home ownership is what builds neighborhoods and communities. People don’t get emotionally invested in an apartment complex or build a community with other residents who might be gone in a year. Per Law Enforcement Today, multi-family housing and apartments have always had more crime than communities of single-family homes…