I live in Passaic/Bergen County of New Jersey. It is very close to Manhattan, New York City. The house price is $300K-$500K, OR HIGHER. While the condo is much cheaper, like $80K-$150K. I wonder whether buy a condo qualify for the $8000 tax rebate?
Right now, no one knows the real state market is stable or not. If the market will decrease another 25% in next few years. The price decrease of Condo usually should be faster or slower than the house?
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shadow520 said:SUCKISSTAPLES said:its going to be extended
It might be extended. Yes, Congress wants to extend. But we all know Congress does not always do what they say they want to do. They do if what they say they want to do matches with what the lobbyists funding their campaigns want them to do. In this case, the real estate and mortgage industries are "giving generously to support their like-minded Congressmen". It will be extended, and probably expanded to include people who aren't first-time buyers.
RedCelicaGT said:condos can drop in value much more than houses. many homes in las vegas have lost 60% of their value, while many condos have lost 80% of their value.
homes will need to go up 250% to reach their market highs. condos will need to go up 500% to reach their market highs.
Nah you got it all wrong, condos are just more prone to price bubbles.
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