Re: new house/apt vs used
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For an investment, you want to buy from the person that is going to give you the best deal, be it old lady or developer.
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of course, but my intuition is that on average you will get the better deal from the old lady. this is a hypothetical question btw, although my neighbor across the hall who hasn't lived there for 15 years is selling and we were thinking of expanding. problem is we have a rly good mortgage and don't want to refinance. that's a different can of worms though.
my question is more about, if a developer is putting up condos to make money, it's pretty unlikely that those condos will be attractive from an investment perspective unless you want to bet on appreciation. just wondering if this statement is mostly correct or mostly incorrect?
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