Quote:
Originally Posted by Ferarri
Sorry if this has been asked already, but wasn't there a real estate forum here before? I was wanting to get people's opinions on the new University District community.
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I think the area has a lot of potential. I have one of the Ivy townhouses as a rental unit, and it's been renting pretty well. Only thing is, because it is technically university land, you don't actually own the unit. Instead, you have a 99 year lease with the university, with the clause that should the university for whatever reason take back the land, they have to buy it back at market value. I mean, what do I care in 99 years? Lol, I'd be long dead by then.