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It's even worse than that: it's a pretty meaningless marketing adjective that makes you feel better about paying a lot for something. Everyone slaps on the label except those at the cheapest, er "Value!" end of the market looking for price-conscious customers, and the polar opposite of brands that are well-known to the point where using the label is déclassé. And this doesn't just apply to housing.
Agreed. In my city, all housing that's not directly inside a high-crime neighborhood is marketed as “luxury”. I cannot find non-“luxury”-advertised housing, except in high-crime neighborhoods. Preliminary checks on other cities show the same thing.
Ah, the luxury of living in an area with the demographics of several decades ago.
That luxury has been reserved for the rich ever since the Civil Rights Act of 1964. See "When Did Healthy Communities Become Illegal?" by Charles Tuttle.
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