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You're not wrong. And to add to that the stupid building codes that lead to the type of small 500 sq ft condo unit with only one wall with windows and no air circulation. This article covers that well.

But all these condos, not only are they not human-sized and lack air cicrulation, most of them are fitted with luxury features to up the price beyond what regular folks can pay and don't leave any room for social housing.

There should be a law for mandatory social housing in these constructions.