Word: condominiumize
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...renter, you might want to think about one other option: homeownership. "Prices have come down in some areas so much, renters can even start considering buying," says Gleb Nechayev, a senior economist at Torto Wheaton. He looked across markets at the average monthly cost of buying a condominium, assuming a 20% downpayment and annual fees of 1.5%. Even after adding in interest on the loan, buying an apartment in certain markets - including Las Vegas; San Diego; Orlando, Fla.; Sacramento; and Fort Lauderdale, Fla. - came out to be cheaper than the average rent price. In West Palm Beach, Fla., buying cost...
Getting it built and getting it sold are not the same thing. Many of the gleaming building's units remain unsold, and The Donald's lenders are looming. Roughly 75% of the 4,900 condominium units under construction in downtown Chicago are already sold. That's good, but next year the number of new units coming onto the market is expected to drop to 4,600, and only 60% are sold, according to Appraisal Research Counselors, a consulting firm that tracks downtown Chicago real estate...
...this one built, and we're proud of it." Getting it built and getting it sold are two different things, however. Many of the gleaming building's units remain on the market. Overall, Chicago's market is faring better than many. Roughly 75% of the 4,900 condominium units under construction in Chicago's downtown are already sold. But it's not out of the woods just yet - next year, the number of new units coming onto the market is expected to drop to 4,600, but only 60% are sold, according to Appraisal Research Counselors, a consulting firm that...
...that not everyone finds charming the idea of a spirit tax - a contribution to the village partly based on how many spirits reside on your land, and a calculation, mind you, that can only be made by the village elders. Indeed, if you're looking for a stress-free condominium with access to yacht marinas and golf courses, Phuket is the right choice - as long as you have the cash to afford it. "There's a strange situation in Phuket," says Risinee Sarikaputra, head of research for property consultant Colliers International in Thailand. "You have low-end residential units that...
...scarcely any government investment or involvement in the construction. Other companies that have signed up to invest include France's Total, Sweden's Ericsson and U.S. firm Capri Capital, which has announced a $2 billion development deal that will include two luxury hotels as well as office buildings and condominium towers...