Station Park | 18, 28, 36, 40, 50 fl | U/C

[ijmorlan]

If it is a bad investment then why are so many people doing?

I’m not commenting on your overall comment, but I feel a need to point out that that question could have been asked just before every major market correction or crash in history. Sometimes the answer is “because everybody else is doing it”. If you’ve worked out the cash flow and it makes at least some sense without assuming a continued bull market in real estate, that’s another matter, but it is perfectly possible for a bad investment to be very popular.