I don't think this works the way you think it does.How many urban professionals are willing to forego owning a home in exchange for cheaper car insurance? I just don't see it.
Let's pretend like this.
My parents live in Birmingham. I use that as my address, for everything, all my life. Car registration, driver's licenses, credit cards, everything is associated with that address.
Then, at some point, I realize Birmingham is awful and feel the need to move to the Broderick to restore my soul. I do that, applying for the apartment using my information in Birmingham, as I should. But, theoretically, the Broderick is just my pied-a-terre, and I still keep everything registered in Birmingham. However, I only actually go to Birmingham on alternate Tuesdays, so this is not correct, and I am not paying proper insurance, taxes, etc.
But how does this stop me from subsequently buying a house? My credit is what it is. When I apply for a mortgage, why do I not get it? If the mortgage issuer even knows about the apartment, it is just a second home?
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