Dave I believe downtown will indeed crater. My seller is holding their breathe as we are in escrow but another unit in the complex he is in just lowered their price by over 100k on a short sale. He is already in escrow at close to 100k under his purchase price of two years ago. I can see if running down even more as long as investors don’t start bailing people out. The other thing about downtown are that HOAs in the nicer places are pretty brutal. In his building they are about 540 a month.
