After prices flatten, and still no sales and with more rolling onto the marketplace I still believe they will turn to rentals and we will see rent rates in the city fall a tad as a result. Too much supply, Manch. No buyers. What are they going to do? What they have to do. Cut bait.
LUXURY condos.
Yes, disasters tend to start at the top and work their way down the food chain (IMHO of course)
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If that means I can buy some at 20 or 30% discount? Sure. Sign me up.
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Diversification and moderation are keys to life…
Don’t ever think a good thing lasts forever…
As I mentioned before, I knew a successful small businessman who literally had a gold mine business and didn’t understand diversification and moderation (at his age). Died penniless and probably on the street.
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Focus on bringing me that 20% off sales first. Then we can talk about moderation and diversification. 
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Buying luxury anything is almost always a bad idea. Stick to the median.
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