Who would buy a tiny, tiny, tiny apartment? I don't understand what the developers and investors who bought those units were thinking. You can barely fit a bed in one of those bedrooms, let alone a queen bed with night tables or a decent dining table. On top of that, you need to pay an additional $1,000 easily for condo fees. Condo prices need to go down a lot more before they go up.
I agree some developers have produced some terrible products, buildings like 55 Mercer, 199 Church, or Transit City come to mind. However at the moment all condos in the city are undervalued, and there are generously sized 5-10 year old buildings that present real opportunity.
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Who would buy a tiny, tiny, tiny apartment? I don't understand what the developers and investors who bought those units were thinking. You can barely fit a bed in one of those bedrooms, let alone a queen bed with night tables or a decent dining table. On top of that, you need to pay an additional $1,000 easily for condo fees. Condo prices need to go down a lot more before they go up.
I agree some developers have produced some terrible products, buildings like 55 Mercer, 199 Church, or Transit City come to mind. However at the moment all condos in the city are undervalued, and there are generously sized 5-10 year old buildings that present real opportunity.
AirBNB maybe?
Very Informative Video
Thank you for sharing!
The muppet boiler room condo flipping market is dead 😂