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And now that many Indonesians have more disposable income, they are looking for what Mr. Honoris calls "affordable luxury".
The consequence is a shrinkage of what Michael McKee, associate director of New York Tenants and Neighbors Coalition, calls "affordable housing for ordinary people".
The center is intended as a boon not only to the Orchestra of St . Lukes, a 36-year-old ensemble made up of top freelancers and renowned especially for its versatility, but also to the New York classical music world as a whole, with the various rehearsal spaces available for rental at what the orchestra calls affordable rates.
Since its inception, the firm has defined as its main focus not the high fashion of Louis Vuitton or Christian Dior, but what the buyout shop calls "affordable luxury": clothiers like the preppy retailer Gant and higher-ticket health and skin companies.
CitizenM, a Dutch chain of what it calls "affordable luxury" hotels — now all in Europe, with two slated to open in Manhattan this year and next — provides a Samsung tablet in each guest room, with technology from Swisscom that provides a music library and free video-on-demand TV and also controls the blinds, lighting and temperature.
And Starbucks took advantage of several trends, including the dramatic improvement in the range and quality of foods available to the average American, the rise of telecommuting and freelancing, and a move toward what the Harvard historian Nancy Koehn calls "affordable luxuries," which allowed Americans to cultivate the aura of affluence at a relatively low price.
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One chapter is called "Affordable but Never Boring".
Madison Avenue cannot claim a shortage of desire-inducing jewelry stores, but few of them could remotely be called affordable.
For years, politicians have been talking about building what they call "affordable homes" – but the phrase was deceptive.
A new type of housing has been put in place called "affordable housing", which has replaced social housing.
They have promised another $100m in what they called "affordable capital" to loan to factory owners to make repairs.
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