Housing and condo prices may be back to pre-boom pricing, but that still does not mean everyone can afford to buy a decent place to live in a suitable location.
An idea for U.S. developers to consider lies about ten thousand miles away in Australia, where the concept of dual-key apartments is catching on, offering those who want or need to live in the more expensive inner cities, a way to swing it.
In the sample floorplan above from One Central Park in downtown Sydney, a second lockable and separate bedroom (highlighted in pink) usually has its own bathroom and an area with a stove, sink and refrigerator. The entire project will contain approximately 240 dual-key apartments varying in size from 85 to 100 square meters (914 to 1,076 square feet) priced at approximately $835,000 to $1.18 million U.S. dollars.
Those prices may be too high for many buyers, but developers believe more people will be able to buy if they can easily rent a self-contained section of the residence.
See, this is why mom taught us that sharing is important. And you thought it was all about your toys.