this post was submitted on 28 Sep 2024
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that people would construct and buy luxury apartments, when you could instead spend that money on building luxury lower density housing that rich people actually want.
Rich people generally want to show off their wealth, which isn't very easy with apartments. They also tend to want lots of space, which of course is also difficult with apartments.
Rich people live in mansions, not fucking apartments.
I don't know, maybe this is an American thing, but I can tell you that in my country (Spain) it's generally more expensive to have a luxury flat in the centre of a rich neighborhood of a big city, than it is to have a big detached house in the outskirts. Why would rich people want to live in bumfuck when they can live surrounded by luxury restaurants and services? Rich people live for the most part in big-ass flats in the centre, and then they go to the countryside on weekends to an even bigger-ass villa or something.
well yeah but that's not a luxury apartment, that's just expensive land. This is in fucking lewisham next to a sainsbury's and they're building more than 500 apartments, somehow i don't think this is "luxury apartments", what rich people want to live in a random part of lewisham?
Rich New Yorkers beg to differ. This is dumb overgeneralization. Some people genuinely want to live in high-density communities, and some of them are disgustingly wealthy.