After having dinner with a bunch of UC Berkeley undergrads last night who all told me they were paying $1K to share bedrooms near campus (AKA $2K per room), I am not surprised by this.https://twitter.com/mmcphate/status/1152082083218522112 …
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I assumed $100k in rehab in that capital cost. Pictures look like it’s in decent shape, so assumed mostly redecoration costs. But maybe something more that I can’t see.
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Separately I REALLY wonder who bought it and why.
End of conversation
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