How deep is the demand for high-end apartments?
One of the hallmarks of the current development boom has been the degree to which it has been focused almost exclusively on high-end apartments. Proponents say it represents a change in our housing preferences, with more and more higher-income households choosing to rent amenity-rich apartments. Critics point out that the nation is facing a near crisis-level shortage of affordable housing, yet the only properties being built are pricey Class A+ or luxury ones.
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