Quote:
Originally Posted by polak
How long does oil stay low? If there's no work, all of the transplants will eventually start shuffling back.
It's all dependent on oil prices.
My buddy just took possession of a townhouse that he bought right as oil prices hit bottom (not the brightest). Now his builder is offering those townhouses with a year of no condo fees and upgrades.
It's nice to see the builders start to squirm. Hopefully they get desperate.
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It is always obvious when the market on new builds slow as builders attitudes towards realtors change and all of a sudden they are reaching out like we have been friends our whole life.