We’ve been on the record that buying individual condominium units strictly for investment purposes is a horrible way to build wealth. …
Month: March 2022
New development units are fungible – if you’ve been in one, you’ve been in them all. Our work suggests that the condominiums at 1 Franklin are already struggling to hold their value, see our note below “When Losing is Winning.” With the sales effort at Winthrop Center getting ready to swing into high gear, we expect this trend to intensify. If you own at 1 Franklin and think you may sell in the next few years, we’d recommend accelerating your plans. …
When it comes to what we call “real estate mulligans,” the name of the game for sellers is to get their money back (net of fees) ASAP. The problem is that the fees are significant - round trip you’re talking in excess of 10%. While mulligans aren’t necessarily a trend, it happens more often than you’d expect. Here are a few recent ones. …
