My feelings are that downtown is still way overpriced. I am not trying to be to much of a wet towel but I think there is just alot more room for depreciation due to inventory, speculation, distress…you know the same old story. I also think some of the newer developments will have issues with builders defects that will be difficult to resolve if the developers are out of business. This translates to assessing the homeowners that are not in distress. If you have a year or two or three to hold out I think you will be happy you did.
