Quote:
Originally Posted by frozen
No one is gonna give a shit about some 30 year old high rise when the new ones are getting built here and there. Particularly the Asian buyers will avoid those like a plague.
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Few things drive people to older units
Price and Size
Also the construction in terms of sound barriers between units is far supperior. But people are, for the most part, dumb and would prefer to have a $150 stainless microwave and hear your neighbors over a foot of concrete and complete silence for 98% of the time.
Being new does not ensure your unit/building won't have problems. I'd say it's actually the opposite in most cases.
Either way, id buy in this same building again if I had to. Lifespan of a well maintained high rise can be up to 80 years if well kept. Eventually you'd just hope you're bought out at market value by a new developer etc