Sunday, August 21, 2005

Condo Myths From CNN

Condos are more like stock compared to single family houses in that condos in the same development are easily comparable to each other. If a seller of a two bedroom condo in a specific building decides to sell for say $550 per square foot, then that per square foot sales price becomes the going market rate, since all 2 bedroom condos in the same building are substantially the same.


Snip...

"Remember the lust for Internet IPOs? Ordinary investors bid up the stocks of hot little companies that hadn't even registered their first sale yet. Today's version is a preconstruction condo, where investors jockey to get into a project not yet built, certain the units will jump in value when completed."


Continue...

0 Comments:

Post a Comment

<< Home