People 20 years ago would year and work hard their entire life just so they could buy a house with a backyard and white picket fence in the suburbs. This is because it was considered to be the most tangible proof of being a successful adult at the time, however, with time and with certain events, real state trends have changed, and people are no longer yearning to get a house in the suburbs. If anything, it is seen as more of a luxury than a need by people.
Most adults today are choosing not to buy houses, and are instead acquiring permanent property ownership through condos instead. Condos are now considered to be the more popular option, and this is why more and more people are buying condos, and leading to the launch of many new condominium projects like Linx Condo throughout the country.
Adults today are not as interested in luxury, and because the current economy has made it really difficult for people to be financially stable enough to afford a house, condos are the next best option. If anything, they are considered to be the smarter option because they still allow people to have the safety of a permanent property without having to spend too much of their money. Condos are also considered to be the ideal size since families today are a lot smaller and can fit comfortably in condos, and the fact that condos are located around the city also means that money that would have otherwise gone into getting a car or paying for a fuel has also been eliminated because public transport is exponentially cheaper and it is a lot easier to move through the city through public transport. So, price and convenience are what makes condos such a popular option today.