Is everything now a “luxury rental?”
Put it this way: driving around the Twin Cities, I haven’t seen many billboards trumpeting “spartan rentals” lately.
So, are they? (Luxury, that is?)
It’s sort of like Supreme Court Justice Potter Stewart’s line about pornography (“I can’t define it . . but I know it when I see it“).
At least to me, “luxury” suggests many (if not all) of the following: new(er) construction (or at least, terrific condition); high-end finishes; lots of amenities (exercise room, pool, heated underground parking, 24/7 security, etc.); and — of course — an “A” location.
Surprise, surprise, along with all those things typically comes a steep monthly rent.