Some people have speculated we might see 2000-2001 nominal prices again. If so, that would mean these 2bd condos would be selling in the 60K-75K range (2000 prices). That seems absolutely ridiculous considering current rents. But I can’t see any of these bank owned condos going for more than 100K given the recent 99K list price. The downward pressure on prices is more than ever in the complex. The 80Ks would represent 2001 prices. Am I nuts to believe that might happen here in the next year?
