Investor Condos

David Goldsmith

All Powerful Moderator
Staff member
How do you convince investors to buy new construction condos in a world where this is what buying them looks like:

And this is what leasing them looks like:
 

MCR

Active member
Ouch. There must be more to the story given that even the initial rent ask didn’t even make sense from an investment perspective. But your point is well taken that I can’t imagine any investor buying that unit at that price point and thinking they can make money off it.
 

David Goldsmith

All Powerful Moderator
Staff member
Just a follow-up:
It took carrying this vacant for 5 months before it got rented.
 

David Goldsmith

All Powerful Moderator
Staff member
I'm curious what return are investors thinking they are getting these days on all these New Development condos being sold? Or does it not matter because they are solely looking at an appreciation play?
 
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