Quote:
Originally Posted by GGG
I think from an investment perspective saying it is cash flow positive because it was bought before the run up is a flawed way at looking at it. I think you need to look at it from if you sold this property could the capital produce more money in an investment elsewhere. Of course anything pre boom will be way cash positive but that doesn't mean its a good investment.
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Good point, can't compare it to "no investment" but to an alternative investment.