Quote:
Originally Posted by Table 5
Actually, its Union Square, which is right across the street from Colours. I'm curious about this rumour now though!
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I thought you got screwed over at Apex/Union Square (the first time around)??
Did you buy back in again??
Their prices (the second time around) offered no upside at all, which I guess is what you are seeing now closer to possession.
For the record, there is no rule that prices have to rebound after they fall. As I have said before, Japan has waited 19 years for prices to rebound (and still waiting) and as each month passes the American problem looks more and more like Japan's old problem -- except much much worse. And America's problems are the worlds problems, especailly Canada.
That all being said you are still likely better off taking possession (as has been said). I would do the math and then re-do the math again but there might even be space for you to take possession and then sell to some sucker for a slight loss, but less of a loss than you would take by just walking away?
If you have enough income though, a few hundred a month isn't the end of the world I guess?
Claeren.