I don't think these numbers are so ridiculous. They work for someone who is well-off and who maybe spends a week a month in Chicago for work. I do something similar in DC. Also, some companies I've worked at will do this for executives who travel to a location that's not their primary home with some frequency. The purchase price is not that much for a company, whether mortgaged or paid outright, and condo fees are a lot less than 7 days a month in a hotel. And it's an asset that can eventually be sold as needed or desired. The question is how many such people exist that there is a market for this in Chicago? In New York or DC, there is a market for this.
Last edited by jsbrook; Feb 5, 2019 at 2:52 AM.
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