[scarface74]

Also, every new development is going to be branded as a 'luxury condo'. No one sells a 'boring old condo', ever

This is true everywhere. Builders are not going to build cheap houses. My wife and I were looking for a house three years ago. At the time, it was only three of us - including my 15 year old step son. We were looking at buying in a county in the Atlanta burbs. We had two choices - old small houses being sold by the relatively few people who lived their or buy in one of the many neighborhoods where builders were building new houses. We purposefully chose the cheapest, smallest floor plan offered by the builder - and even that was over 3000 square feet, five bedroom. I’m not trying to humble brag. It was less than 330K all in and we only needed 5% down. Any software developer with 5-7 years of experience could easily afford it - especially a dual income couple.