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

To: Tradelite who wrote (49578)	3/6/2006 12:06:36 PM
From: Lizzie Tudor	Respond to of 306849

didn't they regret buying because their out of pocket monthly costs were so high - about double renting? The condos you are talking about much have been better than these, seriously. These were RIGHT NEXT DOOR to thousands of other rentals. Sure the conversion had some cosmetic upgrades which looked very nice while the builder was selling the units. Three years later there wasn't much of a difference. Those that bought quality property in that period were fine. But the problem then was that a whole lot of buyers couldn't get "in". They felt like they had to buy anything- whatever they could get. Those at the bottom regretted it.