Anyone here in Real estate?
So my wife and I first lived together in the Milago and loved it. The location, the calm coolness of not being the tallest tower, etc. Currently we have two small kids and are living out of town to save up money for early retirement. When we retire in 5-10 years, getting in one of these new towers would be great.
Anyhow, this is just background to my main question. If one took a ratio of avg high-rise condo $/sqft, versus avg close-in SFH $/sqft, do you all think the ratio will be high immediately and taper off as we get 5-10 years out?
Some factors that cause me to think this could be the case:
- Explosive growth today tapering off, but staying positive
- "New car factor" of new condos wearing off
- Better land use close-in, more options to choose from