You could try asking people in the UTC area where there are about 5 large apts complexes that went condo. I rent next to one of those, The Venetian. In 2004, at the peak of the bubble, the 2-bed, 2-bath conversions were being offered for $480K by the company that did the conversion. I still have the brochures. Today you can find listings in the MLS asking $280K. They might sell for less. The place has gone to the dogs, “Investors” that bought those condos rent them out to people that wouldn’t be able to qualify to rent in the area. I have seen families with teenagers living in the tiny condos. Apparently you can have dogs in condos but not in apartments so now the neighborhood is full of dogs that poop all over the place. Crime rate has also gone up and I see more minorities (not Asian). In my opinion conversions have brought UTC down.
