Quote:
Originally Posted by Ross
My Fiancee and I want to buy a Condo in Orlando. We used to go there for a month each year, we loved it. I saw brand new Condos, 2 bedroom, 2 bathroom for $54,000. I think it was a 20-25 minute drive from Disney area as well which is decent. We're going to look into it more after the wedding.
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Bad bad idea. Condo market got hit 5 times worse than single homes and experts are predicting that they will never recover and in fact depreciate much more. Condo associations are having to deal with not collecting fees due to all the foreclosures etc and thus they are run down, further depreciating the units. . You can buy a 2/2 single home for less than 100k.