(Closed) How will a casino affect my property value?

posted 6 years ago in Money
  • poll: Should I try to sell this condo now?

    Wait until after the casino is built. The value might go up or stay the same.

    Dump it now. The casino will drag the value down

    The casino really isn't as important as other factors, like the real estate market in general

  • Post # 2
    Member
    825 posts
    Busy bee
    • Wedding: Local Resort

    I have several investment properties and have been around through two different casino builds. I have yet to see a casino go out of business. But what you will find is more commerce will go in. Casinos create jobs. If you are in the black by 15% for monthly rent vs the liquid you’ve already put into it, re-rent it, keep your investment. They are much easier to keep up with vs stand alone structures. 

    Post # 3
    Member
    7582 posts
    Bumble Beekeeper
    • Wedding: October 2014

    In many situations, 3 miles away is too far away for the new development to have any real, measurable impact.

    The topic ‘How will a casino affect my property value?’ is closed to new replies.

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