Higher quality assets appreciate more in the long run, especially in supply constrained markets where it’s hard to build and there’s no more developable land. It’s simple, scarcity produces value. Even in recessions, quality construction assets hold their value better lesser assets in worse locations. Lior Rozhansky, Founder of Flora Capital, has pivoted from working class neighborhoods in Boston to multi-family in Class A neighborhoods as a pathway to “indestructible wealth.” It’s easier to manage property in these markets and they appreciate considerably more over time.