In the past condominiums were not essentially thought-about to be an excellent funding for quite a lot of reasons, however that picture has since modified dramatically. Nevertheless it also seems that individuals are renting condos on a more lengthy-time period basis, and a large number of building initiatives remain incomplete, leaving fewer models obtainable to renters. The conversion of the skyscraper on the nook of Wall Street and Broadway into fifty five stories of condos and retail was one of many largest in Manhattan history, with Macklowe Properties reportedly paying greater than $1.6 billion to acquire it.Condo

There are various forms of real property ownership which can be much like condominiums but not an identical...