inuhj
Joined 15 years ago
Joined 15 years ago
Personal anecdote: I attended lightning in a bottle years ago and they had a similar "pack it out" rule. Well that doesn't help when you're not aware of that prior to attending and need to dispose of plates from food you purchased at the event. I guess the expectation is that a day visitor carry around a trash bag full of waste with them all day. It came across as lazy by the event organizers.
In expensive cities the underlying real estate appreciates and you make your money on that when you sell. The cash flows are mostly to cover maintenance and property tax but in some hot real estate markets rents won't even cover operating costs. In stagnant areas the property value is either stable or decreasing so you make your money on rent.
Low rent, high appreciation properties are attractive to investors who don't need cash flow. If you need cash flows you have to go the other way. This isn't surprising to anyone.