Most boutique condos lose money, am I right?

While it is true that not all boutique condos generate significant profits, it is inaccurate to generalize that most boutique condos lose money. Here are some points to consider:

- There have been instances where boutique condos have yielded substantial profits. For example, a unit at Nassim 9 saw a seller earn a $3.3 million profit, which is a 130% profit over 17 years.
- Some boutique condos have shown affordability and profitability, appealing to both investors and homeowners. For instance, a unit sold at a boutique development could earn a gross profit of $124,368, even in a relatively short period.
- The profitability of a condo, whether boutique or not, depends on various factors such as location, market conditions, and the timing of the sale. There are many cases where boutique condos have performed well financially.

Therefore, it is not correct to conclude that most boutique condos lose money. Instead, the profitability varies widely depending on the specific project and market conditions.