The market isn't so segmented. If there's a massive availability of cheap rental apartments, there will be less demand for cheap or far away houses, which in tu

The market isn't so segmented. If there's a massive availability of cheap rental apartments, there will be less demand for cheap or far away houses, which in turn will reduce their prices, which will in turn reduce demand for million dollar houses. Additionally, land can be divided/merged to turn cheap/expensive houses into expensive/cheap houses.