Personally, I view it as a half expense, half investment type of thing.
I spend 80% of my life working at home (love working) so having a nice place (open, clean, nice view, spacious) is something I really value a lot as a lot of my life is spent here.
The other 20% is at the gym (good one at this condo), restaurants/cafes, and on weekends going out.
In my mid 20s and I sometimes do have "afterparties" (not big ones, more like drinks at my place rather than "party"... just whoever is in the group at the night) which has had tremendous value in expanding my social circle here (for both, personal & business).
Nothing is confirmed with Magnolias yet - still checking other options as there may be better ones.