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Reply to "Impending Recession and Selling Our Condo"
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[quote=Anonymous][quote=Anonymous]In 2009, in this area there were still bidding wars. I'd be more concerned because of how many condos there are and new ones built.[/quote] Well yes, a few bidding wars for properties that were being fire-sold. The same thing happened post 9/11. For about 3 months, urban condo prices in east coast cities dropped sharply. But volume was very low. If you had to sell, you were screwed. Once the initial shock wore off, prices rebounded so fast (except for parts of NYC) that people forget it ever happened. Lastly best thing for the market will be Trump re-elected. Worst would be Sanders. Warren pretty bad too. Biden would be OK. Just my opinion of course.[/quote]
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