Golf Course Where My Townhouse Sits Was Bought
I have a rental townhouse that backs into a golf course (nice view from Master BR balcony). It has a positive cash flow and the value just increased significantly within the last 2 years.
Some developers have bought up golf courses in the area including the one my property sits in. My understanding is that more condos will be built over said course.
My initial thought was that my property price will go down because 1) The beautiful view will change and 2) Who will want to buy a 20 year old condo when new ones will just be around the corner?
Does anyone agree or disagree with my conclusion?
Any input will be greatly appreciated.
Thanks!!!
[ Edited by aurera on Date 09/17/2006 ]
[ Edited by aurera on Date 09/17/2006 ]
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