Just a quick reminder... Condos leading the market just like GFC.

As I have been shopping for a condo and townhomes. I have come across quite a few buildings that property history across all the units look like this.

This building in particular was built in 2005 and all units sold in the 300ks... By 2008/2009 they were fire selling brand new units for 70-100k.

I thought it wasn't real so I asked a couple of my investor friends who had been buying around the GFC. Turns out they actually grabbed a couple units and still have one in this building today. The numbers are 100% legit (sometimes I am paranoid of Zillow/Realtor.com's MLS data feed).

Anyways, I'm not going to go crazy and say we'll see a repeat this time, but there are certainly some unique scenarios driving price.

The GFC era was clearly a bubble and leverage unloading. This time, we have inflation, regulation, cultural changes, and legitimate intrinsic value shifts associated with these older buildings. It's going to be a wild ride the next couple of years if mortgage rates stay high. I'm here for it.