In the off chance anyone cares about this particular thread or condo project, I posted a new thread a few days ago that didn’t stay on the front page very long and you probably missed it:
It is interesting that the developer is still trying to sell the remaining units in phase 3 while short sales and the first REO in the complex are now on the market. I made the new thread thinking it might be of general interest to the forum. I guess this scenario must not be as unusual as I thought.
In the off chance anyone cares about this particular thread or condo project, I posted a new thread a few days ago that didn’t stay on the front page very long and you probably missed it:
It is interesting that the developer is still trying to sell the remaining units in phase 3 while short sales and the first REO in the complex are now on the market. I made the new thread thinking it might be of general interest to the forum. I guess this scenario must not be as unusual as I thought.
I saw it Gary. Not much to say because you have a good handle on it. It looks like it will be getting as distressed as some of the other complexes you have posted about or nearly so anyway. The complex looks nicer than the others we have talked about. Looks like a real condominium community vs. converted apt.(even though I believe it is a conversion? It still could get to be a pretty rough place over time. Not completely unlivable but a little dingy and noisy. That happened to some decent looking places in the last downturn. Might even see stuff like boards on windows and other messes around. Density per unit goes up and at the other extreme there are vacancies where adolescents goof off and vandalize stuff. I imagine this forces people to put up with it or call the police.
I saw it Gary. Not much to say because you have a good handle on it. It looks like it will be getting as distressed as some of the other complexes you have posted about or nearly so anyway. The complex looks nicer than the others we have talked about. Looks like a real condominium community vs. converted apt.(even though I believe it is a conversion? It still could get to be a pretty rough place over time. Not completely unlivable but a little dingy and noisy. That happened to some decent looking places in the last downturn. Might even see stuff like boards on windows and other messes around. Density per unit goes up and at the other extreme there are vacancies where adolescents goof off and vandalize stuff. I imagine this forces people to put up with it or call the police.
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