I’m not sure if we’re in the $200k range for those condos. Note that this unit is NOT selling at $237k or anything close to it.
Banks can’t relax lending standards more without Dodd-Frank going away, which isn’t happening for another 2-3 years at least. We’d probably need a GOP president for that, and the GOP is no friend of the GSEs and Mel “the skell” Watt. GOP control might lead to relaxation, but it might also lead to a more restrictive/privatized market as well.
