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Having lived in a few of these “luxury” places, I have a theory. They build the structure of these buildings very solid, but the fixtures purposefully cheap. O
by village-idiot 8y ago
Having lived in a few of these “luxury” places, I have a theory.
They build the structure of these buildings very solid, but the fixtures purposefully cheap. Once styles change they can gut renovate them for very cheap and maintain their stylish image (and rents). I think a very well made but out of style apartment would be more expensive to make and lose rents more rapidly.
- eigenstuff 8y agoI can't help but sit here and think "so it's like the Forever 21 of apartments," ha What's wrong with timeless instead of trendy?! (Rhetorical question)
- village-idiot 8y agoFor me? Because it’s not available in the areas I want to live. Also, my wife is very sensitive to mold & mildew, so brand new construction is easiest on her.
- treis 8y agoThere's no such thing as timeless.
- k_sh 8y agoAs I mentioned in another comment here: "luxury" gets you around rent control in at least one major US city, so I imagine there are developers out there doing the absolute minimum to meet "luxury" standards. It's a perverse incentive: they make it nicer to avoid regulations, not to actually attract luxury-minded tenants.
- moltar 8y agoOr convert to retirement homes ;)