Housing price or rent is completely uncorrelated with what kind of building it is or how old it is in most cities. Labelling something luxury and putting a shin

Housing price or rent is completely uncorrelated with what kind of building it is or how old it is in most cities. Labelling something luxury and putting a shiny facade on it does very little to alter how much the building costs and rent will be inversely proportional to supply. Even large apartments are still better than detached homes as it will reduce competition for spots.