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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.
Viewing 15 posts - 46 through 60 (of 66 total)
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  • October 20, 2009 at 10:46 PM #471757
    capeman
    Participant

    I told those downtown condo sales people in 2004 I would be back in a couple of years to buy at 1/3 the price. They laughed and the crackheads never sold out 5 years later… hahaha!

    October 21, 2009 at 1:16 AM #472132
    CA renter
    Participant

    We were downtown just tonight and talked about buying a nice 2/2 for a low price. This is good news! 🙂

    October 21, 2009 at 1:16 AM #472428
    CA renter
    Participant

    We were downtown just tonight and talked about buying a nice 2/2 for a low price. This is good news! 🙂

    October 21, 2009 at 1:16 AM #471589
    CA renter
    Participant

    We were downtown just tonight and talked about buying a nice 2/2 for a low price. This is good news! 🙂

    October 21, 2009 at 1:16 AM #471772
    CA renter
    Participant

    We were downtown just tonight and talked about buying a nice 2/2 for a low price. This is good news! 🙂

    October 21, 2009 at 1:16 AM #472207
    CA renter
    Participant

    We were downtown just tonight and talked about buying a nice 2/2 for a low price. This is good news! 🙂

    October 21, 2009 at 7:38 PM #471986
    patb
    Participant

    [quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

    except rents aredeclining, so they are hard to finance as commercial too.

    A unit with 90% apartments and 3 sold units becomes a nightmare to
    finance as apartments either.

    October 21, 2009 at 7:38 PM #472166
    patb
    Participant

    [quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

    except rents aredeclining, so they are hard to finance as commercial too.

    A unit with 90% apartments and 3 sold units becomes a nightmare to
    finance as apartments either.

    October 21, 2009 at 7:38 PM #472821
    patb
    Participant

    [quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

    except rents aredeclining, so they are hard to finance as commercial too.

    A unit with 90% apartments and 3 sold units becomes a nightmare to
    finance as apartments either.

    October 21, 2009 at 7:38 PM #472525
    patb
    Participant

    [quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

    except rents aredeclining, so they are hard to finance as commercial too.

    A unit with 90% apartments and 3 sold units becomes a nightmare to
    finance as apartments either.

    October 21, 2009 at 7:38 PM #472600
    patb
    Participant

    [quote=jameswenn]I’m not a condo guy, so does this mean alot of those downtown buildings will be turned into apartments?[/quote]

    except rents aredeclining, so they are hard to finance as commercial too.

    A unit with 90% apartments and 3 sold units becomes a nightmare to
    finance as apartments either.

    October 21, 2009 at 10:36 PM #472977
    briansd1
    Guest

    patb, it’s nothing that a nice downward price adjustment can’t fix. 😉

    October 21, 2009 at 10:36 PM #472325
    briansd1
    Guest

    patb, it’s nothing that a nice downward price adjustment can’t fix. 😉

    October 21, 2009 at 10:36 PM #472760
    briansd1
    Guest

    patb, it’s nothing that a nice downward price adjustment can’t fix. 😉

    October 21, 2009 at 10:36 PM #472684
    briansd1
    Guest

    patb, it’s nothing that a nice downward price adjustment can’t fix. 😉

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