11-07-2015, 12:35 PM
(11-07-2015, 11:12 AM)tomh009 Wrote: I think it's a very risky strategy to rent at a negative cash flow, especially at current interest rates.
And in the midst of a real estate bubble, especially along the LRT route. If/when that bubble bursts it could take a decade or two for real estate prices to recover to pre-burst levels.
Quote:That said, the condo corporation does own the land, so each condo owner does indirectly own a (small) piece of (highly valuable) land.
Highly valuable but whose value may be highly inflated.
Consider the number of apartment and office buildings going up along the LRT route. Once the LRT begins service will intensification happen fast enough to fill up all that vacant space?