"LRTs displace all the poor people"?

[MidTowner]

Call me crazy, but I like my investments to make me money every month

Haha A lot of realtors would call that "old-fashioned thinking"!

I agree with the points in your above post, and figure the same: many purchasers won't be cash flow positive on new condo units, based on the market rents (which are the rents you actually get...) and the prices they are paying. I've known of cases where the would-be landlord simply doesn't have experience in figuring out a cap rate, and takes the salesman's word on costs. They ignore costs like vacancy, and understate costs like maintenance, and ascribe no value to their own time.