Yes, you’re right, at a more reasonable premium level of 20% or so you should expect some appreciation. Recall, however, it was you that stated that a 20% premium was “obscenely low.” I was just making a point regarding expected appreciation – or lack thereof – at higher premiums.
I agree also that condos act differently than SFRs. I’m not sure if I’d use the term “very,” however. Again, a SFR is still just a housing unit (with a lot more upkeep) at the end of the day. But the issue you raise is debatable, nonetheless.
Regarding my cash balance, let me assuage your wonderment. Yes, it’s in excess of seven figures right now. Puff factor of zero. Admittedly, however, this is not a normal state of affairs as I’ve been cashed out of some private investments recently (actually that’s a bit redundant as almost all of my investments are private). Admittedly as well, this situation won’t last long. I would not classify this as a “boast,” however as you mentioned in a your previous post that …”HH income of $125,000 to $200,000 (or more). I suspect you might fall into this category or soon will.” So, since you alluded to my financial situation I felt obliged to clear it up for you for purposes of perspective on the issue under discussion. I’ve been posting on this site for more than two years and have never mentioned my financial situation; if I wanted to boast about such things I would have done so long ago. You raised the issue, not me. Moreover, in the Pot-Calls-Kettle-Black Department, I’ve noticed at least a few references to your own financial situation over the years.
