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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yes, lots of junk condos for sale now. Take your pick. Wood frame, ground level / below grade, roach infested, falling apart and nothing but renters so if you buy to live you'd be the only owner there. Lots of those on the market which you would have to pay me to live in. The half way decent stuff that someone could actually call home is still rather rare and prices have not come down on that stuff