US home sales are soaring, and even renters now favour suburban units with ample space for home-working. Should urban landlords be worried?
A growing trend in the US housing market is the search for more space, light and air. It is evidenced by increased US home-buying numbers as well as early indications of the success of inner-suburban multi-family rental communities. In addition, renters and owners are more closely considering how their living space will also function as a home-working space.
Writing from my family vacation home in Montana, I am reminded of the ever-present longing of Americans for ‘wide open spaces’. Have you heard the popular 1940s song ‘Don’t Fence Me In’? Based on a poem by Bob Fletcher, an engineer with the Department of Highways in Helena, Montana, it was co-written with Cole Porter. “Give me land, lots of land,” the lyrics go. “Don’t fence me in!”
