[HillStreetBlues]

When you say “good luck with that” about the semi, you mean he won’t get 200, it’ll wind up being worth less than that? If someone is considering living in a condo, I wonder how turned off they would be on a semi.

Some people aren’t so swayed by the argument that renting is “only paying someone else’s mortgage”. What you get when you rent is a place to live, and at some times in some places renting can be a lot cheaper than buying. I wouldn’t guess how nice these studios will be, and I’m not sure how nice rental units can be in the area (I assume it’s fair to say there’s a mix), but buying a $130,000 studio would be a lot more expensive than renting a $850 a month apartment, so I wonder if that price isn’t a bit high.

If a small bungalow goes for less than 200, I’d say a 2-bedroom condo for $250,000 (and up) might be on the expensive side. I’m not saying it’s on the expensive side for anyone in particular, or even for me, just that sales could be slow if these aren’t the right prices.