Aren't the Townline units north of $1,500 - $2,000 a month though? We are back to the definition of affordable.
what do you expect for new stock? Its brand new, you don't walk into a car dealership and complain about the price of a new car saying it should be the same price as the 20 year old clunker in the used section.
The vast majority of out old rental stock was built heavily in the 60s and 70s so its basically 50 years old