Yeah. Construction is in a race to the bottom, cost-wise. In my city (university town) there are a bunch of off-campus high rise residence buildings. They put these things up so cheaply that a lot of them are falling apart not even 5 years on!
Their whole m.o. is to put up a new building, sign as many incoming students as they can to leases, then mysteriously fall behind schedule for the opening of the building. This leaves hundreds of students stranded without a place to stay at the start of school term. They then offer these students a “free” lease transfer to the old building, thereby renting out a bunch of crappy rooms no one wanted in the first place.
Their whole m.o. is to put up a new building, sign as many incoming students as they can to leases, then mysteriously fall behind schedule for the opening of the building. This leaves hundreds of students stranded without a place to stay at the start of school term. They then offer these students a “free” lease transfer to the old building, thereby renting out a bunch of crappy rooms no one wanted in the first place.