Yea I'm not sure what's going on with the prices right now. $700k for one bed doesn't make sense, young ppl who will want those units most likely can't afford it, ppl who want to invest can't get enough returns out of them. Unless we Jack up rent? But there's too many rules and regulation controlling that. And do you want to rely on one tennant over $700k? The risk is too high.
Does anyone know if we have anything like the States where they invest in real estate? Not really commercial reits. But I've heard about fund rise. Seems like a safer bet than dumping that much money on one unit.
