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interesting head wind for property prices of apartments;  this...

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    interesting head wind for property prices of apartments;  this OPAL thing (cracked and evacuated building) put a big question mark on the value of all apartments


    i read in a report that 85% of apartments show structural damage over time, and the median cost for fixing is 27% of the purchase price; i wonder if someone spending $500k on an apartment has budgeted $135k for remedial repairs?  (given their is a big chance some work and cost will be involved)


    this tells me the average price of an apartment really needs to be 27% below the fairy land 'she'll be right, mate' price



 
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