Just read this interesting post in Toronto Star about iconic Trump Tower. Some new builder condo investors who had bought hotel condominium suites at the Trump Tower in 2006 are refusing to pay final closing costs and assume ownership of the units. They are saying that their investments no longer make financial sense.
Well, I am not surprised. This is what I had blogged about some time ago when One Bloor went up for sale.
Read more about User, Investor and Flipper and to find out what type of investor you are before venturing into buying on mere media hype.
Have a nice day!
