# Expected fall in condo prices

**URL:** <https://forum.newyorkyimby.com/t/expected-fall-in-condo-prices/22021>\
**Category:** New York\
**Created:** [October 25, 2022, 2:31pm UTC](https://forum.newyorkyimby.com/t/expected-fall-in-condo-prices/22021 "2022-10-25T14:31:37Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![ashwinsawant](https://avatars.discourse-cdn.com/v4/letter/a/ecae2f/32.png) [@ashwinsawant](https://forum.newyorkyimby.com/u/ashwinsawant)\
**Post date:** [October 25, 2022, 2:31pm UTC](https://forum.newyorkyimby.com/t/expected-fall-in-condo-prices/22021/1 "2022-10-25T14:31:37Z")

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How much did condo prices fall peak to trough during the 2008 recession? Was it different for smaller condos (studios)? Do the pros expect 2022-23 to be different?

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**Author:** ![crawdad](https://avatars.discourse-cdn.com/v4/letter/c/2acd7d/32.png) [@crawdad](https://forum.newyorkyimby.com/u/crawdad)\
**Post date:** [October 25, 2022, 6:31pm UTC](https://forum.newyorkyimby.com/t/expected-fall-in-condo-prices/22021/2 "2022-10-25T18:31:52Z")

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The 2008 recession was a complete real estate meltdown. There’s zero reason to think anything like that is happening anytime soon, as economic fundamentals are strong, and lending standards remained strict.

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**Author:** ![stache](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/stache/32/30186_2.png) [@stache](https://forum.newyorkyimby.com/u/stache)\
**Post date:** [October 26, 2022, 1:37pm UTC](https://forum.newyorkyimby.com/t/expected-fall-in-condo-prices/22021/3 "2022-10-26T13:37:17Z")

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As I recall, smaller units did better in that crash. It’s been a while so  
I could be wrong on this.