3 ms·
Not really. They are cheaper in nominal dollar terms (capital, annual costs, etc) but you are typically paying multiples of that intrinsic value of the property
by balderdash 2y ago
Not really.
They are cheaper in nominal dollar terms (capital, annual costs, etc) but you are typically paying multiples of that intrinsic value of the property (e.g. 2 weeks $100K up front, $5k year, but for a property that might be $1m not $2.4m and definitely doesn’t cost $120k a year to maintain) plus you get no appreciation upside, no tax benefits etc…