There Are 72% More Condo Sellers Than Buyers in the U.S.
There Are 72% More Condo Sellers Than Buyers in the U.S.
www.redfin.com
There Are 72% More Condo Sellers Than Buyers in the U.S.
3 comments
There Are 72% More Condo Sellers Than Buyers in the U.S.
There Are 72% More Condo Sellers Than Buyers in the U.S.
Where I live they convert old apartments into “condos” (by name only) and try to sell your first apartment out of high school back to you for $350k… but very few people can qualify for a loan, so they sit empty.
Oh man, they did this way back in ~2005 in Arizona. At the time, I laughed. But also at the time it was a 50k price tag and I didn’t want to be tied to AZ. I should have bought one then. Now, that’s just a dumb idea.
But, buying anything right now is dumb. Hold for half price. Yes, it will. Hold for half price.