08-11-2025, 05:50 PM
Well, people will have to manage.
Literal worse case is someone absolutely cannot close and they sell to someone that can at a major loss or bankruptcy and bank sells. Units may stay empty during all that.
Better case is owners manage. They bleed 1200 to 2k a month renting it out at the going rate (about 1600 to 2300) and just take the perpetual L. There is a slight blip in the condo resale market in 2 to 5 years and they sell for 100 to 150k loss + the thousands/year they were in red monthly.
Literal worse case is someone absolutely cannot close and they sell to someone that can at a major loss or bankruptcy and bank sells. Units may stay empty during all that.
Better case is owners manage. They bleed 1200 to 2k a month renting it out at the going rate (about 1600 to 2300) and just take the perpetual L. There is a slight blip in the condo resale market in 2 to 5 years and they sell for 100 to 150k loss + the thousands/year they were in red monthly.