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A comment on 21 new towers going up in Miami. Parent comment

Re:21 new towers going up in Miami by Arnt on Saturday January 15, 2022 @04:33PM (#29950522)
A fifty-year building doesn't have to be a fifty-year investment. If you can build something for $1m and sign contracts that guarantee you $400k in rent in the next five years, and you think there's an very good chance that you'll be able to sell for >$600k, then building makes sense.

This is the case for a building where I know a tenant, except that I changed the sums.

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Re:21 new towers going up in Miami by dhimes on Saturday January 15, 2022 @05:16PM (#29950920)
Yeah they probably have done a ton of research. I look at the Surfside collapse and think, "nope, not buying in Miami."
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