I should add another unknown factor is what the banks will do w/what they’re holding. If they will re-work the loans and do loan mods and principle reductions. There are a lot of NODs that continue to come in. Or if they sell a bunch of units in bulk to investors. But eventually the investors will have to release them and list them, unless they take to renting them out. There is a lot of uncertainty.
I agree that Verano and Regents are still high. They have come down considerably since peak. Vicenza, Venetian and Lucera are the loss condo leaders and they are starting to affect comp sales/prices in Verano and Regents and other surrounding condos. To a lesser degree I’m starting to see a little pain even in Capri.
