I am very fortunate to have bought my buildings at a great time. 2002 when Brooklyn's ballon was flat and airless. And built the one when materials were inexpensive. My concern is tenants moving out and having an empty apt. for too long.
Real estate runs a 10 year cycle. However the bubble probably added a good 10 yrs. on. So if one bought at the peak, they bought it at what they should have bought it 10 years from now.
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Real estate runs a 10 year cycle. However the bubble probably added a good 10 yrs. on. So if one bought at the peak, they bought it at what they should have bought it 10 years from now.
- ken 2-12-2009 5:34 pm