I think it's more common among the very wealthy. When part of the appeal is flaunting your wealth, renting is probably not the way to go. I think a 1000k 1 be

I think it's more common among the very wealthy. When part of the appeal is flaunting your wealth, renting is probably not the way to go. I think a 1000k 1 bed condo is comparable to a 200k car in that it isn't just a place to stay or a way to get from A to B.