Quote:
Originally Posted by Tapioca
(Post 7864577)
I don't mean to be a Debbie Downer, but that valuation means nothing - it's just paper wealth. The market value on my condo has risen well over 100K, but there are over 20 units for sale in my development. Unless you can liquidate that 50K, it's nothing (unless you're leveraging that equity for other investments with returns beyond your borrowing costs.)
| I won't take it that way at all. I appreciate honest feedback :) I am waiting to see how many owners decide to sell their units when construction is complete this year otherwise I will rent it out in the meantime. | 