He’ll either be really right and sitting on a condo/loft in a revitalized downtown or be really wrong sitting in the middle of failed projects.

Personally, I think the condo/lofts are massively overpriced downtown now. More importantly, I think the revitalization is doomed to failure. NYC is NYC, slapping condos up around a stadium and building a downtown Disney of generic ‘entertainment’ isn’t going to cut it. In addition, the SoCal lifestyle is about being outside enjoying the weather, if you’re going to trap yourself in a concrete expanse, go for NYC, London, Paris, Barcelona.

My final thought, the waiting lists for the condos will evaporate as the 10-20% annual appreciations evaporate.