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by bradlys
1635 days ago
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I think my issue with that is that it’s not going to be easy to do in the current market. Back then - it was more doable. They were able to buy under market value (when that likely wasn’t very much to begin with) and manage the loan with each other. Now where each person needs to make $250k+ to afford buying the apartment - you’re getting into territory where you’re unlikely to find people who want to buy that apartment and move into one whole place with you. Maybe it’s doable but the virtue of it being so expensive and the incomes required being so high means that it’s very unlikely to be reproducible unless you only associate with very high income people and those people also like apartments. I find high income folks generally want to move away from apartments as they age and they want to do so at a much faster rate than someone in a much lower income bracket would. |
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