There's been a predicted glut of luxury apartment condos for years now, as all the new luxury buildings on the 50s start coming online. Add in increased Chines

There's been a predicted glut of luxury apartment condos for years now, as all the new luxury buildings on the 50s start coming online. Add in increased Chinese export vigilence, tariff wars, slowing economy, and the tax overhaul that targeted blue states, and of course the multi-multi-millionaire apartments and condos are taking a hit. The thing is, and this article leaves out, is that that luxury apartment glut was originally expected to last 3-5 years. Then rising population rates and etc were supposed to take over again. So your sub-million dollar condos might take a hit for the next few years, but barring another economic recession or crash, its probably just temporary (read, possibly a good time to buy). For truly high $ places, where all the other things on the list of causes above will have much more effect, it might be worth sitting out for a while.