I live in the Mid-west and am located in Waukesha county. Waukesha county has been blessed with numerous lakes and just as many golf courses. It would make one think that the life-style would warrant one to consider a condominium home which would allow more free time for the recreation that is so prevalent in this area.
Why then, has the condo market seemed to have dried up? More and more associations are becoming insolvent and many of the new condo projects are being turned back to the bank. Now, the sales of these homes is subject to bank approval while prices are dropping to critically low numbers in certain areas.
Does anyone see a recovery in this market? If so, when do you feel this may take place?
How do you feel about this style of living altogether? I know that certain parts of the country require this style of living due to restraints on land availability. But, I am concerned that we may have seen the best of times with this method of home ownership. Maybe for a while, maybe for a long while.