|
New Condo Hotel Units
In areas such as Arizona and Las Vegas, water concerns and lack of infrastructure and skilled laborers have slowed the rapid pace, but the grow rate is still staggering. Other scenic second home destinations, like the mountain states, Pacific Northwest and Florida Keys have environmental hurdles which raise the barriers to entry for developers and restrict supply. A restricted supply in the face of demographically empowered demand is always a formula for rapid price appreciation (CA in 1970's). What goes up must come down? Yes. But a 20% per annuim rise for 5 years, followed by 5 years of stagnation or a 10% loss, is still 5%+ annual growth rate (worse case). If leveraged at 90%, the return on initial investment is still 44% per year. The hard part is making sure the best years are in the beginning even hard is selling at a peak. It is estimated that there are between 40-90,000 new condo hotel units coming to market by 2008.
|
1842 N Laramie Ave, Chicago, IL 60639, 9,900 2 beds, 2 baths
2 beds, 2 baths, condo in Chicago, IL - Austin
6215 N Oakley Ave #1, Chicago, IL 60659, ,000 3 beds, 2 baths
3 beds, 2 baths, condo in Chicago, IL - West Rogers Park
4616 N Racine Ave #3S, Chicago, IL 60640, 4,900 2 beds, 2 baths
1450 sqft, 2 beds, 2 baths, condo in Chicago, IL - Uptown
When you buy a condo, you are buying a part of the corporation, and are thus an equal owner.
High Rise Condominium For Sale In South Chicago
|
|
|
