ponyboy
Active Member
Anyone know if these new purpose built rental buildings will be more soundly built, with an eye toward lower long-term maintenance costs, given that the "buyer" is in the business and will more stridently seek such design decisions versus a typical condo buyer? I've heard for years -- often alleged without substantiation -- that many of the new condos are not built to last, but if the new rental buildings are built the same using the same quality, then that would undermine that argument since the builders have skin in the game for rental towers. If they can reduce the depreciation through better design, are the more likely to do so for rental buildings?