November 05, 2005

Is a condo a money pit?

Don’t let the surge in prices fool you: The condo craze is all bubble. Worse, living in a condo can be maddeningly complex -- and costly.

Any time speculators tell you that things are different this time, you should beware.Yet that's exactly what some investors and experts are saying about the condominium market. They insist the wild upsurge in condo prices can be attributed to changing demographics.Don't you believe it. This is the tech-stock bubble all over again. Consider:

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