Posted by Steve on June 17, 2006 at 21:18:49:
Stay away from condo conversions at a peak. By the time you’re done, the market has moved against you. Case in point, San Diego, Orlando, and Miami all have a GLUT of condos that aren’t selling. Plus there are more to come that demand can handle because people don’t understand real estate trends.
Condo sales are the first to take a dive when a market slows.
Options are a great strategy in any market. You can generate cash to invest whereever you want.