Sucker's Bet

David Goldsmith

All Powerful Moderator
Staff member
As interest rates are rising we are seeing some pushing tax abated Condos as a solution.

But buying into that can be problematic. The units tend to be priced as if the abatement is permanent, while in fact it is a diminishing benefit. When the abatements expire not only do the monthly costs go up, but the value goes down as the property decompensates.