I know exactly what you are talking about as I have been following the same complex (Lucera) and others having lived in UTC for the past 3 years. The lowest prices advertized now for Lucera 2bedrooms ($399k) is still about 30k more than what homeowners purchased for 2-1/2 years ago. Let us see when the flippers fold to below original list price ($370K). Meanwhile i have heard (from a friend who purchased there) that they had a major plumbing issue for which the residents had to cough up $10k each. This is just the beginning because not too long ago you (and even now in some unrenovated complexes) you can still rent in the $1500-$1700 range. My estimate of fair prices there is about $250k. What do you think ?
