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

To: GraceZ who wrote (30777)	5/5/2005 7:15:08 PM
From: The Wharf	Respond to of 306849

It makes me crazy that ordinary (non-luxury) condos are that expensive there. You don't get nearly the same amount of protection from inflation in a condo because of the damned condo fees which can go nuts in later years. Plus it seems that condos are the last to rise in price and the first to take a dive. I wouldn't be buying anything I didn't want to spend at least 10 years in at this point in the cycle. >>I agree with you but this is a 3unit condo he can walk to the beach so the only darn thing i tell myself is there is not a surplus of land there. I am trying to short and he is trying to buy so it is difficult.