I’m renting a 1br, 900sf, it’s currently $1600 a month. I absolutely love living here, the location is central to everything, and I get lots of sunlight. The sunsets are FABULOUS from the west facing units! The units facing the street (Park and University) are the ones that suffer the most. If you face the courtyard, it’s pretty quiet, I think the steel structure of the building really blocks out most of the noise for the inner units. The only thing you can really hear is the sirens from the ambulances and you’re going to hear that no matter where you live in Hillcrest.
The cairo is NOT a better building, it’s wooden construction, not steel, so you are going to hear every noise your neighbors make. I have yet to hear anything from my neighbors, except if they are stomping around above me, but you’re going to get that noise in any multi-story building you live in.
I definately think the prices must come down to rational levels before people will buy in here. How low can they go is a matter of how much burden the current owners can carry until they say enough is enough. If i’m renting a 1br for that price, the selling price would need to be about $225,00 for anyone to break even after property taxes and HOA fees.
