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Interesting works given the glut of condos scheduled to come online in the next 1-3 years. I think we should be hoping for nominal increases of 4% a year.... it's steady appreciation you want, not 40% annually.
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and the boomers are going to retire and guess where they want to live??? CONDOS!!!
they say your first and last house will be a condo, the market will steadily increase but you won't see any more booms, the market can't support it, everyone will get priced out.