“We can’t afford a house anymore.” This is one of the most common statements from younger couples and young families aspired to own a home outside of apartment rentals, condominiums and coops. Rising construction costs, high interest rates and energy prices make homeownership feel out of reach. But the real challenge isn’t housing itself—it’s how we define and design it.
The cost of rental apartments has been equally rising, condominiums and cooperative apartments come with many flavors or issues ranging from unpredictable maintenance cost and service to overstimulated home owners associations.
Affordability is more than purchase price. Long-term operating costs, self-regulating dwelling systems, energy use, comfort, and resilience also matter. Addressing these early in design can make homeownership more achievable.