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Particularly for those who cannot afford or prefer not to own, and by offering flexibility and affordability . They also contribute to economic stability and community development. Here's a more detailed look at the importance of rental houses:

Cities need single-family rental houses because they provide a housing option that offers more privacy, space, and a sense of community compared to apartments, catering to a diverse range of renters seeking a more detached living experience with access to a yard, while also helping to address housing affordability issues by providing alternative options to high-priced home ownership in certain areas; this is especially relevant for families, individuals with pets, or those who value quieter neighborhoods. Key points about single-family rentals: Variety of living needs: They cater to different lifestyles, including those who want a yard for gardening, families needing extra space, and people seeking a quieter environment compared to apartment complexes. Affordability: Can be a more accessible option for renters who cannot afford to buy a home, especially in high-cost housing markets. Community feel: Often located in established neighborhoods, providing a sense of belonging and community for residents. Flexibility: Allows for easier mobility compared to homeownership, as renters can move without the burden of selling a property.

Published Mon, Feb 3 2025 1:45 PM EST

Seana Smith and Brad Smith See the full interview here: https://search.app/WbHG8sC5CMmuxJAk9