subject: Investors And End Users Alike Benefit From Buying Penthouses [print this page] A penthouse is the ultimate indication that a person has a lot of money. Just think about it. Penthouses lie at the top of towering hotel and condo complexes. Someone who lives in a penthouse literally lives "on top." They live high in the sky, over all of the other people in the area. Who doesn't want to live in a penthouse? Not only is it the highest residence in a building, it's usually the nicest one too. With the recent downturn in the economy, penthouse dreamers turned into realists. "I want to live in a penthouse," turned into, "Who could afford to live in something that expensive?" Many penthouse residents' dreams turned to smoke. "I live in a gorgeous South Beach pent house," turned into, "I foreclosed."
Now that the economy is starting to pick up again, those penthouse dreams are starting to become reality again for many people. Miami penthouses are more and more popular as investors and end users are buying them.
Wait, who is buying these properties? You might wonder who the investor is and who the end user is in this case. First of all, with prices falling from foreclosures and from a general downturn in the real estate market, investors are buying properties for a much lower rate than they would have bought them for before the recession. If they can afford it, they can buy the penthouse with cash, and not have to worry about financing it. This investor never intends to live in the penthouse. He or she only wants to sell the penthouse when it increases in value, or rent it out to someone, so that when the renter pays the investor every month, the investor turns a positive profit. Additionally, someone who owns a property can write it off on his or her taxes. As you can see, investing in a penthouse would be a great idea!
The end user is the person who actually ends up living in the penthouse. The investor might sell the penthouse to someone, perhaps as a retirement home. This person becomes the end user because he or she ends up occupying the property in the end.
This is a valuable system for both the investor and the end user. The investor will make a decent return on his or her investment. The end user will soon be the owner of a brand new penthouse.
Investors And End Users Alike Benefit From Buying Penthouses
