The American idea of a perfect life is to have a nice house with a huge yard that the kids can frolic/play in. A big house with a big garage. And of course in a nice school district.
Basically its supposed to be an ideal environment for raising kids. Which is weird because me and all my friends grew up in heavily urbanized areas living in apartments (outside the US) and all turned out OK (well almost all).
It probably also has to do with the independence of not having others live across the wall.
In Italy, we essentially had no yard at all, and they were mostly ok - often we'd take them to the park where all the other local kids went, and they loved it, because almost always they saw someone they knew.
My question was why the above poster doesn’t consider condo ownership “true” ownership? The condos on my block run between $500,000 and $3m, and the single family homes on the same block start at $3m and go to $7m. If I don’t buy one of those single-family homes, why does the poster not consider me a true homeowner? That was my specific concern with their remark.
In mine 6/10 are owned by property developers so a combination of law changes and greedy developers could lead to me losing what I thought was a lifelong asset. If I'd bought a house and land instead (not that I can afford it) then nothing short of imminent domain laws could force me out.