Taxation and the middle class

[tomh009]

Also, $370k in appreciation since 2018 doesn't seem that unlikely. Maybe not on a studio, but the small 2bd layout was very popular with investors at Charlie West. I think that would be up $370k since 2018.

Do you happen to have a Charlie West price list? I don't have one, so no way to check the appreciation.

In 2021 (the first data I can find) Charlie West units in the 700-750 sqft range sold for $500-550K. The asking prices for similar units today are in the same range. I find it hard to imagine that the prices went up 50% from pre-construction to (initial occupancy in) 2021.

Of course, multi-unit investors can still be impacted if they sell multiple units in one year. Selling one, much less likely.