Alexandoy
VIP Contributor
A condo unit in the city is a precious property. There are many residents in the outskirts of the city who work in the business district. They are the usual tenants of condo units in the city. Most of the bank executives I know have a condo unit (and some have several) that is an investment to be sold in the future.
At present the condo units are rented out to earn an income for the taxes and also to cover the expenses of the condo unit particularly the monthly dues to the administration office. I envy those condo unit owners because they are secured in their retirement with that kind of investment. The rent may not be very substantial but the increasing price of condo units means a huge profit 5 years from now.
At present the condo units are rented out to earn an income for the taxes and also to cover the expenses of the condo unit particularly the monthly dues to the administration office. I envy those condo unit owners because they are secured in their retirement with that kind of investment. The rent may not be very substantial but the increasing price of condo units means a huge profit 5 years from now.