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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Amen Posted by gc on May 14, 2010 at 4:10 PM In Reply to: Nothing new... posted by Rick Harmon on May 13, 2010 at 10:30 PM Finally someone that tells it like I see it. I have met so many realtors that say condos wont go up as much as homes do in an up market....I say "No" condos are more volatile specially in California. GC : Condos and townhomes have always, in my experience, had more volatile values than SFR's in a given area, I'll let the other posters speculate the reasons. : It would seem the more a condo is like an apartment unit (and I included conversions here, too) and the fewer rooms, the more volatile the price. : The more similar the units are to comparable detached SFR's, the less apparent this trend. : I liken the phenomenon to concentrated orange juice futures prices; wide fluctuations. : It's great if you bought a trainload before a big freeze, but nasty to inventory if the shipment begins to melt while the market sees a glut of the stuff. And really ugly when the juice starts fermenting. : That would be the same as owning a third-floor bachelor unit in the middle of a vast complex of interior-entry rental condos, with 60% vacancy and a geological problem. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Finally someone that tells it like I see it. I have met so many realtors that say condos wont go up as much as homes do in an up market....I say "No" condos are more volatile specially in California. : GC : : Condos and townhomes have always, in my experience, had more volatile values than SFR's in a given area, I'll let the other posters speculate the reasons. : : It would seem the more a condo is like an apartment unit (and I included conversions here, too) and the fewer rooms, the more volatile the price. : : The more similar the units are to comparable detached SFR's, the less apparent this trend. : : I liken the phenomenon to concentrated orange juice futures prices; wide fluctuations. : : It's great if you bought a trainload before a big freeze, but nasty to inventory if the shipment begins to melt while the market sees a glut of the stuff. And really ugly when the juice starts fermenting. : : That would be the same as owning a third-floor bachelor unit in the middle of a vast complex of interior-entry rental condos, with 60% vacancy and a geological problem. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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