My husband’s boss and daughter purchased a downtown condo for long-term appreciation, thinking that the downtown area would become more desireable.

When I heard of this last September, at a time when everyone was still saying RE can only go up, I was doubtful. The daughter bought and lives in a condo in Little Italy. She should know the market.

As far as I know, even after I warned them to get out, they still own the condo.

I’m going to quote from a friend: it’s like telling your friend to stop dating that guy because he’s a loser but she won’t listen and ends up marrying him anyway. Years later, she finally divorces him. You wonder, and now she does too, why she didn’t listen… People buying RE now are like that rosy-eyed girl.