Or, this is social engineering to make it seem as if the populace shouldn't expect to have anything more than $950 a month and raised their family in a 250 square foot trailer.
My apartment isn't lavish nor run down and that wouldn't even cover rent. And regardless, he's still a damn billionaire.
'Microapartments' seem like the wave of the future. You're paying this outlandish amount of money for essentially a pod to sleep in. It's already there in places like Japan and Singapore.