4 ms·
> Or even better, will they be living in these condos for a few years, or selling them in 3 months? They could rent it out. If LIC is expecting an influx of hi
by liftbigweights 8y ago
> Or even better, will they be living in these condos for a few years, or selling them in 3 months?
They could rent it out. If LIC is expecting an influx of highly paid workers, rents are bound to increase significantly over the next few years and if things work out, the condo prices will increase even more. Why not hold onto it for a few years collecting rent and then cash out with a nice long term capital gains tax treatment on possibly significant capital gains?
- Nav_Panel 8y agoIt's a tossup though. LIC's (relatively recent) zoning means the HQ2 announcement might lead to a wave of new construction in the area, which could cause rents to drop.