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I used to live in an area with large fancy luxury housing towers. At night you could see the lights come on and guess how many people lived there. Most of the luxury towers were at most 30% full.

I talked to a comrade who's an architect. She mentioned that many of these new developments have kitchens and bathrooms that are too small to easily be used, because they're not intended to be used: the flats aren't meant for human habitation, just for sale as an asset.