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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (28167)	3/14/2005 12:46:09 PM
From: John Vosilla	Respond to of 306849

From my due diligence so far it appears that since single family is also very affordable given the prices, interest rates and down payment requirements the monthly payment differential is not that great and so most go for the single family. This could reverse in a rising interest rate environment which is another reason I like the condo idea. The vacancy rate in the metro area appears to be 12-15% but only half that in the class B&C apartment market since they cannot add comparable supply anymore at anywhere near $20-30 psf and as you know no matter how much they push the ownership society a large segment of the population either cannot or does not want to own.