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Showing results for tags '99yrs'.
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Looking at the resale market, and considering buying condo that is 8-9 years old this year. Is for staying and not renting. Is this a bad investment? Some people tell me never buy 99 years condo. Say next time cannot sell. Is this true? Let's say i buy a 9 years old condo $600K, and stay for 15 years. It will be 24 years old by then. Can it be sold then or too old to sell? What about the value? Will it drop significantly because it's so old and leasehold? How significant a drop, 1/2 price, 1/4 price? What if there's a property boom then, possible for it to retain it's value?
