Quote:
Originally Posted by polak
Polak is actually looking to pay 200-225 for a 250-280K condo to keep long term and turn into a rental property when it's time to upgrade.
The lower I can buy it for, the better the chances of me being able to afford to hold onto it when I decide to buy a house.
Right now I have zero desire for a house. All that extra space, money and maintenance so that most of it sits empty for the next 5 years? No thank you.
Just thought I'd clear that up 
Also, I think it will take the year for the 20% drop to really hit. |
that's going to be extra unlikely. ask Realtor 1. Condos in that price range are still hot. Anything good in that range still goes right away. You can get deals on more expensive ones but there are a lot of buyers at the level you're looking at gobbling up the worthwhile quality units. If prices do fall, the deals to be had will be on the high end, not the low end.