Condo buying
We’ve all been glued to stories detailing how the real estate market has avoided doom and roared back to life as quickly as dentists (one needs open houses, the other open mouths). But all the reports of low inventory surround the single-family home market. I’ve yet to see a report that talks about the multi-family…
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That’s right, thank them. Buy them some chocolates and champagne … maybe a spa day. Why? Because without the over-rotation on apartments that’s happening during this building cycle, your condo would be worth less. Now, this doesn’t hold in the over-saturated, million-dollar end — in fact that part of the market has so much product,…
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In last week’s second of three articles on high-rise demographics, I wrote about Dallas’ youngest high-rise populations. I noted that in those younger buildings, there were usually high rates of non-homestead owners – some as high as 75 percent. I think non-homestead ownership is worth noting because, in addition to owner age and worth, it…
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In the first part of this series I wrote about how unit prices, resident age and income are data points for high-rise buyers to consider before purchasing their castle in the sky. The reason for these calculations is to better understand if a building matches a buyer’s philosophy. Of course this information doesn’t produce a…
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This is the first of a three-part series on high-rise demographics. In this first part, I’ll cover how resident age, personal finances, and cognitive decline form an intersection that should help buyers better understand a high-rise. These factors are certainly in play in all neighborhoods, but the communality of high-rises makes them more acute. After…
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