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Sure, but they believe the market isn't at the top. Opportunity cost could continue to increase until they cash out. That is, maybe they could sell for $10 mil
by goobynight 7y ago
Sure, but they believe the market isn't at the top. Opportunity cost could continue to increase until they cash out.
That is, maybe they could sell for $10 million now vs making $200k per year on parking, but if they hold on for another 5 years, the offers could rise to $15 million.