Comment 119512

By notlloyd (registered) - website | Posted June 22, 2016 at 15:30:54 in reply to Comment 119510

Its about 213,000 per unit. Annuitized that's about 900 per month plus utilities and taxes. That means no profit or mark-up and after 30 years zero value in the building meaning no repairs or improvements over 30 years as well (but you will be left with the cost of tearing it down). So, what rent are the people who live there going to pay?

Kudos to the people who raised the money!

Comment edited by notlloyd on 2016-06-22 15:35:06

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