When the market sours, condos are going to get hit first and the hardest because of this, but I don’t think it’ll directly affect the SFR market, rather they’ll both be affected by the market on their own.
What I should have said was I don’t think the condo downturn will directly affect the SFR market.
I think they’ll both get hit, but I don’t think that condos going down in price will affect SFR prices directly.
