Baragain Hunting for Condos (fortune magazine article)

[ibjames]

I read fortune magazine and they had an interesting article. I think page 3 is San Diego, they talk about how the condos downtown are going to affect the market
http://money.cnn.com/galleries/2007/real_estate/0706/gallery.condo_bargain_hunting.fortune/index.html
nice to see some thought put into the article

[4plexowner]

6080 more condos downtown!!

I had been saying 3400 downtown condos were coming online in the next 18 months

This article is saying 4380 units thru 2008 with 1700 more scheduled for 2009

Wow!

~

Downtown condos may end up being the best bang for the housing and investment buck when the current correction is over – this glut of supply in an already saturated market may drive prices very low

[4plexowner]

6080 more condos downtown!!

I had been saying 3400 downtown condos were coming online in the next 18 months

This article is saying 4380 units thru 2008 with 1700 more scheduled for 2009

Wow!

~

Downtown condos may end up being the best bang for the housing and investment buck when the current correction is over – this glut of supply in an already saturated market may drive prices very low

[PerryChase]

Wow indeed! 4plexowner, see you Downtown in a couple of years.

I’ve been telling my auntie to wait for a nice retirement condo Downtown, preferably right above a grocery store. In the mean time, enjoy the ride, sit back, relax and travel.

When the time comes, let’s play Downtown!

[PerryChase]

Wow indeed! 4plexowner, see you Downtown in a couple of years.

I’ve been telling my auntie to wait for a nice retirement condo Downtown, preferably right above a grocery store. In the mean time, enjoy the ride, sit back, relax and travel.

When the time comes, let’s play Downtown!

[no_such_reality]

I doubt it. That’s too much. Rents will depress leading to a delapidated ghetto of rental units.

Of course, maybe I’m wrong, when prices fall near $100,000 people will snap them up as vacation rentals…

[no_such_reality]

I doubt it. That’s too much. Rents will depress leading to a delapidated ghetto of rental units.

Of course, maybe I’m wrong, when prices fall near $100,000 people will snap them up as vacation rentals…

[drunkle]

a downtown condo near the bay and with an ocean view would be nice as a second home. but no garage, downtown traffic, no guest parking, limited “family” environment…

for trendy, “chic”, affluent young adults, it’s cool, it’s hip… but overpriced for what it is. not like downtown sd is anything other than a tourist attraction. and drunk tank.

and downtown sucks.

[drunkle]

a downtown condo near the bay and with an ocean view would be nice as a second home. but no garage, downtown traffic, no guest parking, limited “family” environment…

for trendy, “chic”, affluent young adults, it’s cool, it’s hip… but overpriced for what it is. not like downtown sd is anything other than a tourist attraction. and drunk tank.

and downtown sucks.

[Author]

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