What do you think about owning or investing in Condominiums? Are they being over built in the metropolitan cities? Is Suburbia ready for Mid to High rises across the street from the community parks? Are some truly worth $1000 a sq-ft? What do you think is the future of for the Condo market? I have so many questions that I would like to hear from you the owners or investors and as professionals in the real estate industry advise on this topic.
Investing in Condominium has changed for me from when I 1st bought a Pre-construction in 2002 in Portland OR and then sold it in less then 90 days. Then it was Vancouver BC from there Miami, Seattle, & then back to Portland. Since 2002 to now the condo pre-construction deals were and still are very profitable. But will the demand for condo ownership still be here & in the years to come? I would like to continue to invest in them but I hear from others that it's saturated in areas like SanDiego where you can now purchase a new 1 bedroom a block away from the beach today at $250,000 sold 2 years ago at $450,000. Or Boca Raton where there's still siting vacant and have been on the Market for more then 360 days. But yet Seattle and Portland condos are still selling their pre-construction. So where is it HOT today?