I would never put more than a nominal deposit down on something not yet built. I was just at a party Saturday night and had a friend tell us about one of his friends that bought a condo pre-construction down in the Carribbean. The builder went broke before it got built and he lost all of his money. Buyer beware.
roadracer, I sure hope all those rich foreigners are right that it’ll be safer here than elsewhere come a collapse. In-between time, all those billions flowing in from foreign buyers is good for the economy.