Residential buildings in my country are very short but are too many and make up an entire village. Why not save precious space, foundation materials and costs by building a much taller residential skyscraper?
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Depends on the location too. If you are in an area with lots of space and not enough population (American suburbs), people won’t be interested in condos when for not that much more expensive you get a frontyard and backyard.
There are calculus to be done between:
– population density
– price of condo
– price of house
– cost of building an apartment
– cost of building a house
– maintenance cost (for apartment)
– time to sell / rent out
– profit over time
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