Quote:
Originally Posted by polak
Would there be validity in predicting the condo market getting hurt first? The owners of those are young, single people or lower income families. People who most likely will have the hardest time staying afloat during a recession.
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Condo market likely has more speculators and investors than the single family home market so yes I would expect more volatility and downward pressure in that market.
For example, I own a condo as a rental property. If I came upon hard times it would be hitting the market ASAP in an attempt for me to get a few bucks out of it.