I actually like NP too. La Boheme will probably hold up slightly better than the other attached homes in the area. However, slightly better than completely destroyed is not that good.
I have a friend that purchased a condo on Kansas st. for 249,000 back in early 05. She was responsible and put 20% down with a 30 yr fix and is in no distress, besides the mental distress from not liking where she lives anymore. She has outgrown it already and wants to move.
Long story short. Comparables today range from 160-180K with about 15+ months supply of inventory in that size range on the market ( sub 1000 sq ft are really taking a beating).
So she cannot get out with out writing a big check even after putting 50K down. And if she really wanted to move it quickly, she’d have to list around 150K. If she wants to rent it, it would be about -$900 per month.
