It's weird, people say the same things whether it's condos or apartments. Where I live, they will typically be derided as "luxury condos" despite being less than half the price of detached homes in the area.
(One of my more heretical opinions is that homes and land shouldn't be considered investments, and should perhaps not be a method of wealth building, as it turns every person into an investor whether they want to be or not. Which fuels regular people to take control of the local political processes that block new homes with talk of "luxury condos" and "stack and pack." If we are going to do something like this I'd favor a sovereign wealth REIT that redistributes the wealth more evenly and removed the financial incentive to be anti-competitive in land use decisions. That, or tax away all profits from speculation on land gains.)
(One of my more heretical opinions is that homes and land shouldn't be considered investments, and should perhaps not be a method of wealth building, as it turns every person into an investor whether they want to be or not. Which fuels regular people to take control of the local political processes that block new homes with talk of "luxury condos" and "stack and pack." If we are going to do something like this I'd favor a sovereign wealth REIT that redistributes the wealth more evenly and removed the financial incentive to be anti-competitive in land use decisions. That, or tax away all profits from speculation on land gains.)