[ConservativeMind]

Every single one of these is simply being appropriately revalued to the accrued maintenance bills.

They were living a financial lie that was physically unsafe.

Doing so many at once is saturating the market, but, they had no problem riding the prices up, either.

[Bobbyvotes]

Exactly. I sold my condo 5 years ago for $110k.
Current asking price $300k.

[rrrod]

Exactly.

[icclearly]

They were living a financial lie that was physically unsafe.

How right you are!

If you think that's bad, what about the financial lie that we all live with $35 trillion in debt (and rapidly growing) hanging over our collective heads?

Chickens do come home to roost.

[drSteve78]

They were living a financial lie that was physically unsafe.

And the market is responding as it should. A sad reality , but inevitable. Old and aging structures are not increasing in value . Just like owning a house trailer on the beach, the difference being, condo junk can’t be hauled away without knocking it down.