The One-Two Punch
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by admin
- June 28, 2016
- Market Monitor, What We're Reading
- 0
The good news is your competitor sold for a record high price; the bad news is that you have to pay for it in higher real estate taxes and new competition. Today, these two factors will likely reduce the value of your self-storage project because increased property assessment and increased competition always follow record high sales values. As a result, your real estate taxes could take a significant jump due to recent sales of other self-storage properties, just as your cash flow will be impaired by new competition.
