Michael Allison's Blog

Day: Friday, March 6th, 2009

Reputation Check: PR Math

This picture comes from Vancouver blog Condohype.

According to Condohype’s anonymous author, these figures are misleading. In reality, you pay taxes, interest and strata fees for your condo. In all, you’re looking at at least 40 percent above rental price in order to own.

Note the label the author has given these misleading numbers: “PR Math.” Like “creative accounting” for the accounting industry, it’s not an endorsement of the PR industry’s reputation.