Although condos are bad investments, the new condo building I visited is ~80% sold out a year before completion. Location is MCOL. The price per sqft is ~3x that of SFH’s and HOA is ~$500 to $1k+.

I’d be curious about such buyers; is it just people rich enough to not care about the investment side of things or the monthly drag of HOA? There are similar apartments that can be had for a lot cheaper than buying.

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What city is this in?

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What’s the price per sq ft?

~1k

Never HOA

Would never invest in a property that price per sq ft and that HOA. I assume some people just really love amenities? I agree it's hard to fathom as an investment--- but then perhaps I'm not willing to charge enough and that's on me? I'd be nervous that the market wouldn't bear what you'd have to charge to make that kind of unit a good investment property (assuming condo docs even allowed it).

oh renting is much cheaper in nearby apartment bldgs, hence my curiosity. If rents were close then I’d have bought too lol

hi

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