Stupid condos

Ha! Condo conversion backfires! The Oregonian reported it today, http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/1191898514282930.xml&coll=7&thispage=1
but we all saw it coming...

Did the owners really think all the apartments in Portland could be converted to condos? Not EVERYONE wants to buy a run down 1-bedroom apartment *with NEW countertops,* in a questionable area--for $200,000, nor do they want to pay $550,000 for a high-rise downtown! HA! And now, boo-hoo, interest rates went up, and we all wanna rent, not buy. And you can't sell. Jerks.

Although this news doesn't exactly make my life easier, it still is kinda sweet. Good rental houses are being rented within hours, and rents are going through the roof. Shoulda coulda woulda bought 5 years ago.

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