The condo industry is big.
It’s an industry that generates $4 trillion in economic impact every year and is responsible for half of all the new housing that is built.
And yet, in spite of its enormous size, the industry is relatively small compared to the overall economy.
For the average American, the condo is more than a million square feet of space, or roughly half the size of a typical home.
And the vast majority of these units are sold in the form of condominiums.
That means that the typical American, who has the luxury of owning a house, will have only about a thousand square feet or less of actual living space in his or her home.
Yet, the average condo owner has the ability to own a million or more square feet in an apartment.
How can this be?
In the first place, the entire industry relies on the availability of the rental market.
This means that a large portion of the market is saturated, and this means that, in the absence of demand, there will be a glut of inventory.
For example, according to a report by Trulia, the median condo rental price in 2018 was $1,500, but there was a glut at $2,500 per month.
And if we add to that a glut on the market of apartments that have the same amount of space as a condo, we get a glut as well.
In other words, there is not a whole lot of inventory to go around.
This makes it more difficult to find homes that match the size and type of space of the typical condominium.
Furthermore, there are also a lot of hidden costs associated with buying and renting.
For instance, the most common way that condo owners rent is through their credit card.
For each rental, the rental company will send the rental fee to the credit card holder.
So, the cost of renting a condo is usually higher than the cost to buy a home.
This is because the credit cards that condo buyers and renters use are usually the most expensive ones.
If the average rental price is higher than what the average homeowner pays on their mortgage, the consumer will not be able to afford to rent.
Furthermore—and this is the big one—condominium owners will usually pay a higher percentage of the cost for their rental than homeowners who don’t own condominium units.
So if the average buyer pays less than the typical seller, the seller will get more than the buyer and that will lead to higher prices for both.
The same is true for the condo market, which has an extremely high average price.
A typical buyer who buys a condo will have to pay more for the space than the average condominium owner.
This, in turn, means that condominium owners pay more on their mortgages.
So why is the condo industry so saturated?
This is where the term “market saturation” comes into play.
As the name suggests, the market for condos has become saturated.
The condo rental market is filled with people who want to buy more condos.
They have seen what happens when the market becomes saturated.
For condo owners, this means more inventory to purchase.
In fact, if we look at the most recent data from Trulia and Sotheby’s, we can see that condos are now over-sold.
According to the Sothebys report, there were more than 1,000 listings for condos in 2017, but the average price of a condo in 2017 was $936,000.
And according to Trulia’s data, condos are over-priced by more than $1 million per square foot.
The average condo is only about 20% more than what you would get from a typical house.
As more condos become available, they are being rented out more quickly.
And this is a huge problem for the industry.
As demand for condos continues to grow, more and more condos will be sold at a lower price per square meter.
As a result, prices will go up and prices will drop.
This will lead condo owners to spend more money on their condo units than they would have had if they had purchased the units in the first spot.
And because the prices will be higher, the number of condos that are being sold will go down.
This leads to more vacancies as more and all of the units become over-filled.
When prices are too high, the condos that condo sellers are trying to sell will sell for less.
This in turn leads to a larger demand for condo units as more buyers become interested in buying condos.
And, of course, more vacancies means more vacancies in the market.
A shortage of inventory in the condo sector.
This shortage has caused prices to go up, making it more expensive for condos to be rented out, which leads to higher rents.
In effect, the condominium industry has created a shortage of rental space that is now spilling over into the real estate market.
What Does This Mean for Consumers?