I do not know anyone who wants to buy a UTC condo. In fact, I’m not sure anybody does – just to rent for work/school.

Most people I know are waiting on the sidelines, until it reaches a certain price (hopefully). Some have recently jumped at MM REO’s where buy ~= rent.

I don’t know what significant demand would be. I would say 2% of the population is a whole lot if they had their eyes on the same property or area as you do though. 🙂

Contrary to a strong belief on this forum, I hoped to convey that many young people (especially couples) do in fact have strong income & the ability to save for a 20% DP. At least some portion were either priced out, or not on the market the last 8-10 years and counting.

If there is money, as prices fall there will be demand.