Firestone talks (take ii)
Now I got quite interested when this slide came up. The left axis (vertical) shows the elevation of the condo, ie what floor it is on. The horizontal axis shows increasing rent or price. The faint yellow line shows the rent curve for a building with apartments on the ground floor. These apartments are often the lowest price, as they have no view, no privacy from passersby. The red curve shows what happens if the base of the building is constructed in “townhouse” form. The value of these units goes up significantly. Then the value drops off for the lower rise apartments, … Continue reading Firestone talks (take ii)