We agree that dropping the inspection contingency is not a smart way to buy a house. But saying that, we have heard that people have done that, in fact, quite a few. But we think your instincts are right on that. My sense is that it picked up with the housing market and the slight raise in interest rates. Hot, hot, hot.
Condos even seem ahead of the housing market, in the District.
Each person has to decide for themselves if it makes sense for them. But what we do know, is that the condo market is incredible at the moment. We have a story coming up soon on this very subject. Sandy says it's important to check the track record of the developer and to understand what you're buying. One thing to keep in mind, in my opinion.