My feelings are that downtown is still way overpriced. I am not trying to be to much of a wet towel but I think there is just alot more room for depreciation due to inventory, speculation, distress…you know the same old story. I also think some of the newer developments will have issues with builders defects that will be difficult to resolve if the developers are out of business. This translates to assessing the homeowners that are not in distress. If you have a year or two or three to hold out I think you will be happy you did.

My feelings are that downtown is still way overpriced. I am not trying to be to much of a wet towel but I think there is just alot more room for depreciation due to inventory, speculation, distress…you know the same old story. I also think some of the newer developments will have issues with builders defects that will be difficult to resolve if the developers are out of business. This translates to assessing the homeowners that are not in distress. If you have a year or two or three to hold out I think you will be happy you did.

My feelings are that downtown is still way overpriced. I am not trying to be to much of a wet towel but I think there is just alot more room for depreciation due to inventory, speculation, distress…you know the same old story. I also think some of the newer developments will have issues with builders defects that will be difficult to resolve if the developers are out of business. This translates to assessing the homeowners that are not in distress. If you have a year or two or three to hold out I think you will be happy you did.

I think it is a great time for you to buy a downtown condo. Why limit it to $300K? Or maybe buy two at that price! I’m sure the neighbors around your new place will love you for providing them with an endless stream of European tourists to interact with. Some of the negative nellies on this board will try to scare you with tales of bankrupt HOAs, but don’t let them discourage you. They’re just jealous bitter renters. There’s never been a better time to buy a downtown condo!

Disclaimer: Not investment advice

I think it is a great time for you to buy a downtown condo. Why limit it to $300K? Or maybe buy two at that price! I’m sure the neighbors around your new place will love you for providing them with an endless stream of European tourists to interact with. Some of the negative nellies on this board will try to scare you with tales of bankrupt HOAs, but don’t let them discourage you. They’re just jealous bitter renters. There’s never been a better time to buy a downtown condo!

Disclaimer: Not investment advice

I don’t think you are going to find a $300K unit in a good building, unless you are talking about a studio unit. I’m not sure the better buildings even offer studios. I can tell you that many of the buildings downtown, even some of the ones considered high-end, have or have had some pretty significant construction-related problems. Plumbing issues seem to be a recurring theme, in particular. If I were you I would do plenty of research on each development. It’s not going to be “if” a building has issues, it’s going to be “how many” and “how bad”.

I don’t think you are going to find a $300K unit in a good building, unless you are talking about a studio unit. I’m not sure the better buildings even offer studios. I can tell you that many of the buildings downtown, even some of the ones considered high-end, have or have had some pretty significant construction-related problems. Plumbing issues seem to be a recurring theme, in particular. If I were you I would do plenty of research on each development. It’s not going to be “if” a building has issues, it’s going to be “how many” and “how bad”.