It's competitive. The price is $879, for those who missed it deep in the article. There are many places where 45 days worth of rent at that price will get you worse environs than a train.
This is not an accurate price. A smart renter with a little patience would pay more like $2000-3000 unless they needed a brand new condo with a gym and a doorman.
These guys are going to be awfully shocked when they try to rent their places out for $1595 and find they can only legally rent them for up to $1104.38.
It's funny that they thought a $10,000 a week rental made it any more affordable than the $800,000 price tag. The Venn diagram of people who can afford those is a circle.
I just looked up how much it would be to rent at the closest park to my house (and yes alcohol is allowed). It starts at $25/hour and goes up to $50/hour for a grand ballroom holding 120 people.
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