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(5 points) In the fall of 2018, my good friend Mike was telling me about his real estate investment strategy. He said that he is
(5 points) In the fall of 2018, my good friend Mike was telling me about his real estate investment strategy. He said that he is thinking of buying a condo on the Seattle waterfront with a view of Elliot Bay that is blocked by the Viaduct (raised highway). When the Viaduct is actually torn down in the first quarter of 2019, Mike believes that the value of this condo will increase dramatically because of the improved view of the waterfront. Therefore, he will be able to sell the condo after the Viaduct is torn down and he will make a big profit. What do you think about Mike's real estate investment strategy? (5 points) In the fall of 2018, my good friend Mike was telling me about his real estate investment strategy. He said that he is thinking of buying a condo on the Seattle waterfront with a view of Elliot Bay that is blocked by the Viaduct (raised highway). When the Viaduct is actually torn down in the first quarter of 2019, Mike believes that the value of this condo will increase dramatically because of the improved view of the waterfront. Therefore, he will be able to sell the condo after the Viaduct is torn down and he will make a big profit. What do you think about Mike's real estate investment strategy
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