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Ritz Carlton Residences - Philadelphia (to be occupied Nov 2008)--thoughts on projected sales and investment

value? Given the high cost of maintenance monthly, the purely investment perspective is costly but if I live there and make it a second home and enjoy the amenities and standard of living does it make more sense and am I likley to see a bump in value soon. I purchased at the pre-contract price of just a little over $600/sq ft?
Sat May 3 2008, 06:55 - Center City East - Market Conditions - 1 answer
 
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Chris
Home Buyer
in New York
Chris, Home Buyer in New York in New York
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Demetri Stak… was FIRST TO ANSWER
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it is a tough call. i checked out the place myself and can see the promise as a place for businessmen to rest. which unit letter did you buy and on which floor? you are putting down 600-2 mill for this investment... it will pay off well in 10 years because nothing else will be new construction in the area EVER..
well let's not say never, this building only exists bc a fire took the prior building

Wed May 14 2008, 02:12
 
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