11/21 On the scale of global averages, which one is a worse investment,
a condo or a loft? I know that single family homes have much
higher demands and limited supplies, hence making them much better
investments. However, I'm curious to know whether condos or lofts
are better.
\_ There is no global answer to this question. Do you mean on a
scale of Bay Area averages? After all, Italy has wildly different
real estate laws. I ran a few searches on mls and the condo
prices seem to fluctuate in lock step with loft prices (small
data set, do not trust this answer for investment purposes).
Were I you, I'd look at more important things like location,
noise, layout and so on. That what the people you resell to
will look at.
\_ Single family homes do not make better investments over time.
Who told you they did? SFH tend to do better at the beginning
of a housing boom, condos at the end. The maint cost of a
condo is going to be lower, that is why big investors prefer
multi-unit buildings. |