That’s actually part of the point. Condo’s were new in the 70’s and had far less risks than they do today. 60-80 yr old complexes are going to need help.
Not enough data history on condo’s, they became popular in the 70’s, not many before then.
I’m a conservative contrarian and remember that real estate AND the stock market were not the sickness that they are today. Many people think they are both guaranteed road to riches.
Far too many people may be way too complacent & optmistic about what they expect from the future based on past results when in reality it’s a completely different environment.
I don’t think that real estate over the next 20-30 yrs is going to represent anywhere near what it was over the last 20-30yrs.
I will be a very happy camper if I am wrong, but I have zero expectations.
I wasn’t popular with some friends in 2005 when I pleaded with them not to buy a house and my views today about certain things are still twisted.
