Lots of complaints about ‘luxury apartments’ in the previous thread, so this article (Why Are Developers Only Building Luxury Housing?) immediately came to mind. It begins with this sentence:
Stop me if you’ve heard this one before: “Developers in my city are only building luxury housing. They’re not building anything that ordinary people can afford.”
Sound familiar? 🙂
The author makes some great points, for example: ‘nine times out of ten, “luxury” is really just a marketing term.’ That makes sense to me. We live in an area with relatively old housing stock. Anything new, by comparison, can feel luxurious… just by virtue of being new and meeting current building codes.
Which details about Austin St. and Washington Place (or the Avalons or Arborpoint, for that matter) lead folks to characterize them as ‘luxury’? Is it price alone? Are there ANY examples of recent development in Newton (outside of non-profit development projects) that wouldn’t be characterized as ‘luxury’?