Thanks for all the details everyone, that is really helpful info. I have seen a couple of new costruction condos, very nice in desirable neighborhoods at 2001-level ppsf. Most of these would be break-even but I think I’ve found one that would be cash-flow-positive.
Unfortunately I bought a house last year and put a bunch of money into the remodel so the cash reserves ain’t what they used to be. It sounds like I need to keep saving.
If we can get to where things used to be before all of the wannabe Don Trumps were in the market, I think there might be some good investments to be had in a few condo buildings (not all of course). Not interested in flipping but holding forever and using for retirement income (and something to keep myself busy) 30 years from now.
