I'm supposed to feel bad about this? You play with fire, you get burned.
When they say it's different this time, ti's not different.
And who the heck pays 600k for a condo?
"What is becoming apparent, market watchers say, is how big a part speculators played in the region's real estate boom of the past few years. Not just condominiums, but also townhouses and single-family houses, were snapped up by investors using no-money-down financing and nontraditional loans. They helped send prices soaring at unprecedented rates. And now many are trying to sell, or rent at a loss. Some may eventually dump properties at low prices to get rid of them. That could weigh down values for everyone.
duh!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!