Quote:
Originally Posted by Graeme S
Yeah, that was kind of what I asked a few pages back, and it turns out I was right. Keep and sell but like a hot potato; how long until someone drops it?
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There was another article that I forgot to save the address of about how shitty glass wall condos are, and how many millions its going to cost owners to re-do all the glass in their building.
Apparently Toronto is putting them up like they are going out of style. We actually have quite a few as well. That two-toned building downtown that I can never remember the name of is getting their glass replaced(all dark finally) and its in the millions(going off memory).
Funny enough, in accounting, in a commercial setting where its possible you own a building, but not the land it sits on you actually depreciate the building.
Buy a condo, and we seem to think its value increases.