I'm have actually watched this 1 bedroom condo go from 220,000 to 166,000 over the course of its listing... which has been the course of my house searching BTW...
There are a lot of condo's to choose from, but sadly they are all in the same areas (which isn't a start investment option...) why buy a condo is an area where 80 other condos are also listed on Relator.com from the same street????? UNSTABLE MARKET-- that's what that means. Which means your property value goes down--- not up.
So who knows if i'll buy right after i get married or not. It might be safer i get an apartment-- work like crazy--- and try for a townhouse... you never know what can happen to the market in 2 years...
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