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Why so many new apartments are marketed as "luxury" units

Name: Why so many new apartments are marketed as "luxury" units
Uploaded: 2018-10-08T16:39:27-0400
Duration: 1 min 7 s
Description: High-end housing now accounts for almost 90% of all new, large apartment buildings built in the U.S. What's distorting the marketplace?

High-end housing now accounts for almost 90% of all new, large apartment buildings built in the U.S. What's distorting the marketplace?