The difference between buying a condo and a single-family home is night and day,Ã¢â‚¬Â said Dan Farmer, a mortgage banker at Peoples Bank. Ã¢â‚¬Å“I ask Realtors to talk to me first before writing a contract.Ã¢â‚¬Â
Living in a condo Ã¢â‚¬â€ basically an apartment-style residence you own rather than rent Ã¢â‚¬â€ wasnÃ¢â‚¬â„¢t all that popular to begin with in Kansas City compared with more densely developed cities such as Chicago, New York or even Minneapolis. ItÃ¢â‚¬â„¢s so easy to get around here, and traditional homes remain relatively inexpensive.
In the years leading up to the Great Recession in 2008, a small condo boom did hit Kansas City, particularly around the Country Club Plaza and downtown. Then the bottom fell out, to a lesser degree here but big time in overbuilt places such as Miami, Phoenix and Los Angeles.
Wish the condos were as affordable on the west coast!
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at [email protected]