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.