Falling Prices Put Luxury Apartments Within Reach for More Renters
As prices drop, luxury apartments are suddenly becoming more affordable to a larger number of people, particularly mid-range renters, My Affordable Luxury notes in its study.
Some urban areas of the country saw renters leave as the COVID-19 outbreak began in the U.S. last spring. Vacancies mixed with a glut of newly developed luxury apartments forced some property owners to cut their prices and offer concessions to try to lure more renters back. Some developers are repor…
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