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Old 03-30-2009, 11:35 AM   #20 (permalink)
Norseman
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Join Date: Feb 2005
Location: Ft. Lauderdale
Posts: 734
Quote:
Who knows, we all may be hustling condos in a few weeks.
Not sure there is any money in selling condos or anything else these days.
My realtor has not had a closing in months.

The beauty of a chaep condo is renting it out, then having a positive cash flow of $400 to $500 per month as the mortgage rates are low and the purchase price is low...Then when the economy swings around, real estate prices should increase and one could sell with a tidy profit.

That is the theory anyway...Your milage may vary..
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