That, and they also either renovate in pseudo-luxery or build fairly luxurious condos in a world of HOAs going absolutely out of control and making sure you can't actually live in there even if you could afford it because your next door karen will file a noise complaint every time you flush the toilet.

Number of constructions I've seen actually designed to be affordable in the last couple years: zero. None. They all target rich people that could afford a normal house anyway.

Even new apartment buildings, the thing that people that can't get a mortgage get, is now also all designed for 3000+ monthly rents.

Property developers are greedy pigs.