DC: Watching the bubble pop in real time (the ponzi scheme ends)
Published Monday, May 15, 2006 by Real Estate Pro | E-mail this postThe speculators came in, bid prices up 50% or more, made some dough, got everyone locally excited about how great their local area was, more condos were built, and then...
Sales of new condos fell 43 percent in the first quarter of the year, compared with the first quarter of 2005, according to one report, and there are almost four times as many existing condos for sale than last year.
Tagged: [existing_link:663a8f322613d8ee3a3266b309cd76c2]
DC: Watching the bubble pop in real time (the ponzi scheme ends)
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