Aw, come on, if you haven't already, get in your car and drive down to the nearest open houses today. New condo tower? Sweet. New tract home development? You're there!
Ask the realtor or whatever the hack is called who sits in the shed how things are going, if they think buying now is a good investment, and if they'd put their own money into a unit.
Ask them if they think we're in a bubble. Ask them what their cancellation and deposit policies are. Ask them what happens if the unit is worth less than it is today when you have to close.
And then of course, report back. Damn, I'd be having fun with this back in the States...
Have fun - happy memorial day (or "bank holiday" here in jolly ol' England).
May 29, 2006
Posted by blogger at 5/29/2006