I’m not following your rationale – I’m expecting the market to bottom in 2012 so holding to sell at that point doesn’t make sense (from my perspective) – your $70K loss today is likely to be as much as twice that in 2012
1bdrm and studio condos are just about worthless from an investment standpoint – a 2 brdrm mobile home is probably a better investment
it is possible that your condo will NEVER be worth what you paid for it – assuming that the market will ever get back to 2005 levels is a fools’ bet
