I’m not talking about Vegas — I have no interest in the place and honestly don’t want to know. I’m talking about the US in general. This is definitely possible in some college towns in PA, for example, some parts of NJ, maybe even in Phoenix or Florida.
(Someone was complaining that average cap rates in a part of FL fell from 11% to 9.5%, poor babies.)
BTW, personally, as far as condos, 1/1’s are probably better than 3/2’s. Harder to find a family than a professional singleton, and if you end up with 2-3 roomies sharing the place, you can end up in the middle of a messy “breakup.”
