“High End” Apartment Construction Creates Mismatch of Supply and Demand

Re:“High End” Apartment Construction Creates Mismatch of Sup... by tunap on Saturday October 13, 2018 @10:03AM (#18207975)

In the US they are called "luxury rentals", so the marketeers aren't constrained to marketing merely apartments. They can be called condos or townhomes... or whatever else their imaginations can come up with. The reality is: stacked boxes with paper thin walls and minimal property outside the box.

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Re:“High End” Apartment Construction Creates Mismatch of Sup... by k_sh on Saturday October 13, 2018 @02:24PM (#18209282)

Not sure about other cities, but in Los Angeles a "luxury housing unit" can be exempted from rent control (there's an application process) if it would otherwise be subject to it.

I imagine that a lot of the dilution has come from (re)developers labeling units as luxury and doing the bare minimum to qualify, specifically to avoid rent control.

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Re:“High End” Apartment Construction Creates Mismatch of Sup... by tunap on Sunday October 14, 2018 @12:48PM (#18213775)

Blackstone is spending millions to retain such exemptions trying to block Prop 10 as we type

No safeguards like those in Phoenix, it's still the wild, wild west of politics & regs here.

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