Sony sell Tokyo office building for 1.2 Billion dollars.

[Train wreck]

happydolphin said:

BeElite said:

They deteriarate they need massive up keep and then the wonderfull property taxes.

And yes tgey gain value untill a bubble burts and you building is worth a quoter of what you payed for it.  yay. 

So between buying a building and renting out the best option is to rent in your PoV? That seems very out of left field, I never heard that before.

Do the upkeep and taxes match rent? I'd be very surprised if they do. What about the money earned on reselling, does that count for nothing?

No I agree with Trucks here.

http://www.businessweek.com/news/2012-01-12/tokyo-office-rent-falls-to-record-low-on-rising-vacancies.html

If sony's new building had a very high vacancy rate (which, in tokyo, is still near record highs), they are not getting money by renting out.  Combine that with rents reaching records lows, if seems to me that they are making the smart chocie.  *sigh* Its like people are not even thinking anymore.