Monday, January 15, 2007

Condo Consternation

There's a brutal investment adage - "Investors get what they deserve." That would apply to real estate investors too. Read here about the Condo collapse in various metro areas. That's a price collapse.

1 comment:

Lauriston said...

I think prices have softened, but not collapsed yet. By the time the collapse is noticed by the media I think we will be well into a recession and financial institutions will be collapsing left right and center (especially sub-prime lenders). It hasn't started yet, and I am not suggesting that it has to start soon.