The luxury properties can probably absorb more.  

Not sure how close you are in terms of proximity to the university but my Dad bought property near a university for over 30 years and eventually a developer came in and bought everyone out and added luxury student housing and shopping with a huge payday for all the owners who had bought many years before.

If luxury home  was built on land it can sell for 2m.

@Taylor Holden Hello Taylor, LVP luxury vinyl plank flooring is going to be a much better long term solution to flooring than carpet.

And I upgrade to a decent level because apartment grade is crap, at least the beautiful SS ones in my “luxury” apartment were.

On a luxury listing, maybe that would be something but it seems its a lower cost unit. 

Recent updates include luxurious vinyl plank flooring throughout, fresh interior paint, new lighting fixtures, and solar panels.

When analyzing a luxury short term rental (STR) vacation home for investment in today's mortgage rate environment, the ROI & margins can be extremely tight. 

purchasing a 2 family home next week. looking to see what brand everyone is using for Luxury vinyl plank flooring.Thanks in advance!

While multi family and new built luxury high rises might be going down it does not appear to affect more desirable properties that offer more space, amenities, better locations.I am in South East in a desirable area.What is your take on rental outlook?