Hi guys. Need some professional advise. Put 10 % down (35K) on an adult steel and concrete condo in nice building under construction in Sherwood Park near Edmonton. Did this in the spring. Prices have corrected since. It will be ready summer,08. We cannot possibly choose to hold it til prices come back up as rent would not begin to cover costs. Hoping for market turn around,they say it is already getting better and spring should improve, but we are concerned. Went in to turn this for a profit. I am not sure we will even break even now. Any input? Meggie
condo investment
- Thread starter meggie
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