[quote=The-Shoveler]I would not want to be the investor in these high end downtown apartments when the fad fades, but that is just my opinion.[/quote]
There’s a need for luxury apartments, and there’s demand for it provided the economy is good.
However, I wonder once the economy turns south, just how much “luxury apartments” demand will there be.
I don’t know, I guess some people who are use to New York City rent prices might think things like One Paseo is a great deal… But exactly how many people would like to spend this much on housing that is not even their own… I don’t know.
Then again, many Americans do like bling, and how I choose to use my money isn’t necessarily representative of how most Americans use their money….
