Older (15+ year) suburban condos are getting whacked early… just like this one.
Please update if it sells.
Quick Eval :
If someone purchased today for 250K, 20% down at 6% (interest-only for comparison), $200 monthly HOA I come up with ~ 1460 per month. I figure a similar place to rent is 1300 or so. This is actually getting close to what I would consider a floor (but I tend to concentrate on SFRs), where it makes sense for someone to buy (e.g. rent versus buy calculation) Maybe crappy suburban condos put up in the last days of the previous boom (1991) will suffer more than anticipated.
