The ironic (Or perhaps just interesting) thing is that apartments are supposed to be cheaper living because you don’t have a front or back yard.
They tend to be more expensive per sqft but smaller than a house you could buy. And there’s no mortgage, so you don’t need a big down payment to move in.
But apartment living in a private system means enriching a landlord first and foremost. That means whatever the actual cost of the space, you’re going to pay extra.
The American description of apartments almost always coming along in the phrase “luxury condos” is perplexing (other than NYC, it seems)
It’s just a marketing gimmick. The term doesn’t have any legal meaning, so everyone uses it to upsell their units.
Some of the dingest places I’ve lived have been billed as “luxury”.
They tend to be more expensive per sqft but smaller than a house you could buy. And there’s no mortgage, so you don’t need a big down payment to move in.
But apartment living in a private system means enriching a landlord first and foremost. That means whatever the actual cost of the space, you’re going to pay extra.
It’s just a marketing gimmick. The term doesn’t have any legal meaning, so everyone uses it to upsell their units.
Some of the dingest places I’ve lived have been billed as “luxury”.