[jyl]

P-O-P, this is kind of off topic but in the 1999 SoCal RE bust I saw the worst damage done to condos. Because they're all the same, basically, and the condo developer will do anything to move his unsold units, which crushes values for the individual owner trying to sell his condo. Why buy from Mr Individual when you can buy a brand new unit from the developer, with all kinds of perks and financing help that Mr Individual can't touch? Given where we are in the RE cycle, I'd be extremely wary of buying a condo. I know you're as skeptical as anyone, so probably no need for this post.