Should You Buy A Condo In This Market?
You certainly can but you will want to do your research first. The article below gives a good synopsis of what you should look at. I like how it talks about the newer buildings that aren’t completely sold. I think another thing to pay close attention to are the condo buildings built in the past 3 years that allowed a lot of speculators in and have a lot of delinquencies.
Although many, including myself, get frustrated with what condo buildings banks/lenders will approve, it actually protects you as the buyer too. I am sure the banks care more about themselves but at the same time it does help you stay away from a bad investment.