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Home › Forums › Housing › Downtown Condos Are In BIG Trouble…

  • This topic has 65 replies, 11 voices, and was last updated 15 years ago by patb.
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  • October 20, 2009 at 11:34 AM #472225
    outtamojo
    Participant

    Gonna be a smorgasbord for cash buyers.

    October 20, 2009 at 11:37 AM #472230
    an
    Participant

    [quote=outtamojo]Gonna be a smorgasbord for cash buyers.[/quote]
    Yep, cash is king. If this gets applied to FNMA and FRE loans as well, then downtown condo might drop 50-70%, but you’d need cash to buy them.

    October 20, 2009 at 11:37 AM #472009
    an
    Participant

    [quote=outtamojo]Gonna be a smorgasbord for cash buyers.[/quote]
    Yep, cash is king. If this gets applied to FNMA and FRE loans as well, then downtown condo might drop 50-70%, but you’d need cash to buy them.

    October 20, 2009 at 11:37 AM #471933
    an
    Participant

    [quote=outtamojo]Gonna be a smorgasbord for cash buyers.[/quote]
    Yep, cash is king. If this gets applied to FNMA and FRE loans as well, then downtown condo might drop 50-70%, but you’d need cash to buy them.

    October 20, 2009 at 11:37 AM #471389
    an
    Participant

    [quote=outtamojo]Gonna be a smorgasbord for cash buyers.[/quote]
    Yep, cash is king. If this gets applied to FNMA and FRE loans as well, then downtown condo might drop 50-70%, but you’d need cash to buy them.

    October 20, 2009 at 11:37 AM #471571
    an
    Participant

    [quote=outtamojo]Gonna be a smorgasbord for cash buyers.[/quote]
    Yep, cash is king. If this gets applied to FNMA and FRE loans as well, then downtown condo might drop 50-70%, but you’d need cash to buy them.

    October 20, 2009 at 12:16 PM #472235
    sd_matt
    Participant

    Yeah wouldn’t that be funny if all those folks at Smart Corner bid up to market and then this happens.

    October 20, 2009 at 12:16 PM #472014
    sd_matt
    Participant

    Yeah wouldn’t that be funny if all those folks at Smart Corner bid up to market and then this happens.

    October 20, 2009 at 12:16 PM #471938
    sd_matt
    Participant

    Yeah wouldn’t that be funny if all those folks at Smart Corner bid up to market and then this happens.

    October 20, 2009 at 12:16 PM #471576
    sd_matt
    Participant

    Yeah wouldn’t that be funny if all those folks at Smart Corner bid up to market and then this happens.

    October 20, 2009 at 12:16 PM #471394
    sd_matt
    Participant

    Yeah wouldn’t that be funny if all those folks at Smart Corner bid up to market and then this happens.

    October 20, 2009 at 1:20 PM #471611
    davelj
    Participant

    I think pricing downtown is going to continue to be under pressure for some time, but the situation in downtown SD pales in comparison to that of Phoenix (referenced in the article).

    But, more importantly, can I really take anyone with this photo too seriously? I’m sorry…

    http://housingstorm.com/author/patrickbutterfield/

    October 20, 2009 at 1:20 PM #472270
    davelj
    Participant

    I think pricing downtown is going to continue to be under pressure for some time, but the situation in downtown SD pales in comparison to that of Phoenix (referenced in the article).

    But, more importantly, can I really take anyone with this photo too seriously? I’m sorry…

    http://housingstorm.com/author/patrickbutterfield/

    October 20, 2009 at 1:20 PM #471973
    davelj
    Participant

    I think pricing downtown is going to continue to be under pressure for some time, but the situation in downtown SD pales in comparison to that of Phoenix (referenced in the article).

    But, more importantly, can I really take anyone with this photo too seriously? I’m sorry…

    http://housingstorm.com/author/patrickbutterfield/

    October 20, 2009 at 1:20 PM #472048
    davelj
    Participant

    I think pricing downtown is going to continue to be under pressure for some time, but the situation in downtown SD pales in comparison to that of Phoenix (referenced in the article).

    But, more importantly, can I really take anyone with this photo too seriously? I’m sorry…

    http://housingstorm.com/author/patrickbutterfield/

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