Archive for August 27th, 2007
Condo Vultures: What do they expect?
I keep wondering what the condo vultures expect to gain from their purchases. How much lower than market value? Just read this article about Peter Zalewski with some examples:
A Colombian doctor put down nearly $1.3 million on 12 condos. That’s $108k per condo….CHEAP!
A two-bedroom, 2.5-bath, bayfront condo listed for $495,000 and appraised for $550,000 [...]
Posted: August 27th, 2007 under Uncategorized.
Comments: 1
