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I think it's a good one. Think of commercial real estate. You have an old shopping center that is cash flowing. Its maintenance costs are high, and the rent is
by damoncali 15y ago
I think it's a good one. Think of commercial real estate. You have an old shopping center that is cash flowing. Its maintenance costs are high, and the rent is low. Once upon a time it made sense for the market and the style was perfect. Now it's out of date and the units are not exactly what people are looking for.
You could tear it down and build a fancy new one that would cash flow even more with higher rents and lower costs. It's exactly what the market needs today. Green energy, nice, open spaces, new paint. Do you break out the bulldozers?
It depends, of course.