Coco 's LA Condo Lifestyle Blog

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Crunching the Condo Numbers

by Coco Clayman-Cook

The economy has changed significantly in the last two years.  With gas prices at an astronomical high, it doesn't take a rocket scientist to see that business is man-in-condo.JPGchanging and about to change even more.  While the real estate market continues to stumble there is one area of the market that is stepping firmly into the limelight; the luxury condo market. Many of my clients are in the financial fields and look at condos on a price per square foot basis. Some of the funniest conversations I have had have been trying to explain to someone from Goldman Sachs that his condo is where he will live and love and grow and relax - that it can't be broken down to a price per square foot only.

With the cost of renting approaching the cost of ownership more and more savvy buyers are looking to vertical living.  Factor in the tax break that comes with home ownership as well as gas savings by living closer to work and luxury condo ownership quickly becomes a smart investment.

Not only do the numbers stack up in condo ownership, it also affords a sweet lifestyle. Close proximity to fine dining, world class entertainment and LA's famous night life are definite advantages.  Valet parking, concierge services, state of the art fitness facilities and additional conferencing space all available in house make luxury condo ownership a very attractive package.

To view the exciting opportunities in this exciting market, give me a call. Let's crunch those numbers!

0 commentsCoco Clayman-Cook • September 13 2008 04:27PM

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