Quote:
Originally Posted by accord1999
I've been scraping listing data and this property has gone through a number of price cuts; from $174,500 to $169,500 on July 20, to $154,000 on August 1 to $149,500 in early September, and relisted on December 8 at the current price. Since it's been at this price for over 2 months, people must have concern about the fees and probably will need further price reduction if it has any hope of selling.
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Those condo fees are quite high for a building like that with no amenities, but speaks to my example about how condo fees are only going to go up. This exactly proves my point that people have to would have to be dumb to buy into an apartment condo.
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