Eye's Mini Poll Ended 3/29/07: Condo Market. by Geniusofdespair
1 comment:
Anonymous
said...
Hi,
I think that there are two causes to blame, first the speculators that wanted to make 50K in 1 year doing nothing. I have a family that is stuck with two properties that cannot sell now, she is selling them at the same price you got in preconstruction and nothing yet.
But also to blame are the lenders, the complete relaxation of loan qualification added wood to the flame.
In my opinion the latter can contribute more than the first to a big crush of the market.
Let's wait and see what happens, maybe we are lucky and the prices go down considerably.
1 comment:
Hi,
I think that there are two causes to blame, first the speculators that wanted to make 50K in 1 year doing nothing. I have a family that is stuck with two properties that cannot sell now, she is selling them at the same price you got in preconstruction and nothing yet.
But also to blame are the lenders, the complete relaxation of loan qualification added wood to the flame.
In my opinion the latter can contribute more than the first to a big crush of the market.
Let's wait and see what happens, maybe we are lucky and the prices go down considerably.
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