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


To: Tradelite who wrote (35816)7/20/2005 10:55:09 AM
From: Dale BakerRead Replies (1) | Respond to of 306849
 
Many of those condos will be rented out by investor-owners. I skimmed the rental ads for 3BR townhouses and condos in the greater DC area and found a very long list under $2000 per month. Lots of folks will hardly cover their mortgage and taxes at that rate.

With any luck, the market will get softer before we move next year.