SD Condo article in LA Times

[4plexowner]

“About 400 new and occupied ones are listed for sale, and more than 450 are in some stage of foreclosure and will eventually be put on the market. An additional 1,000 units that were under construction when the market soured are slated to be completed this year, adding to the glut and putting further downward pressure on prices.

So far this year, 159 new homes have been sold downtown, according to DataQuick. At that pace, it would take several years to sell all the units recently completed or being finished this year. Developers are holding units off the market.”

~

let’s see, 159 sales in 6 months is almost 27 per month

we have 400 + 450 + 1000 units which means there are almost 6 years worth of condos downtown at the current rate of sales

ouch!

[CardiffBaseball]

I used to giggle at the guy over at Ben jones site who would post:

I say: “San Diego condos for EVERYONE!!

[CardiffBaseball]

I used to giggle at the guy over at Ben jones site who would post:

I say: “San Diego condos for EVERYONE!!

[CardiffBaseball]

I used to giggle at the guy over at Ben jones site who would post:

I say: “San Diego condos for EVERYONE!!

[CardiffBaseball]

I used to giggle at the guy over at Ben jones site who would post:

I say: “San Diego condos for EVERYONE!!

[CardiffBaseball]

I used to giggle at the guy over at Ben jones site who would post:

I say: “San Diego condos for EVERYONE!!

[blahblahblah]

It is going to get UGLY downtown. I met a couple a few months back that lived in a building over in little Italy. This is a nice building, built in 2001, I’ve known several people who live there. It is a big building though, and it has a ton of units. Anyway this couple reported that more and more of the units are becoming rentals. Apparently many of the tenants are young and are turning the place into party central on the weekends, throwing things off of balconies and taking over the pool area for big drinking bashes. Just imagine what’s going to happen when the rest of the dark towers downtown turn into rentals. There are so many units the rents are going to get pushed down in a hurry. There is going to be total mayhem, lots of partying and drinking and running wild through the halls.

Damn I wish I was 20 again.

[blahblahblah]

It is going to get UGLY downtown. I met a couple a few months back that lived in a building over in little Italy. This is a nice building, built in 2001, I’ve known several people who live there. It is a big building though, and it has a ton of units. Anyway this couple reported that more and more of the units are becoming rentals. Apparently many of the tenants are young and are turning the place into party central on the weekends, throwing things off of balconies and taking over the pool area for big drinking bashes. Just imagine what’s going to happen when the rest of the dark towers downtown turn into rentals. There are so many units the rents are going to get pushed down in a hurry. There is going to be total mayhem, lots of partying and drinking and running wild through the halls.

Damn I wish I was 20 again.

[blahblahblah]

It is going to get UGLY downtown. I met a couple a few months back that lived in a building over in little Italy. This is a nice building, built in 2001, I’ve known several people who live there. It is a big building though, and it has a ton of units. Anyway this couple reported that more and more of the units are becoming rentals. Apparently many of the tenants are young and are turning the place into party central on the weekends, throwing things off of balconies and taking over the pool area for big drinking bashes. Just imagine what’s going to happen when the rest of the dark towers downtown turn into rentals. There are so many units the rents are going to get pushed down in a hurry. There is going to be total mayhem, lots of partying and drinking and running wild through the halls.

Damn I wish I was 20 again.

[blahblahblah]

It is going to get UGLY downtown. I met a couple a few months back that lived in a building over in little Italy. This is a nice building, built in 2001, I’ve known several people who live there. It is a big building though, and it has a ton of units. Anyway this couple reported that more and more of the units are becoming rentals. Apparently many of the tenants are young and are turning the place into party central on the weekends, throwing things off of balconies and taking over the pool area for big drinking bashes. Just imagine what’s going to happen when the rest of the dark towers downtown turn into rentals. There are so many units the rents are going to get pushed down in a hurry. There is going to be total mayhem, lots of partying and drinking and running wild through the halls.

Damn I wish I was 20 again.

[blahblahblah]

It is going to get UGLY downtown. I met a couple a few months back that lived in a building over in little Italy. This is a nice building, built in 2001, I’ve known several people who live there. It is a big building though, and it has a ton of units. Anyway this couple reported that more and more of the units are becoming rentals. Apparently many of the tenants are young and are turning the place into party central on the weekends, throwing things off of balconies and taking over the pool area for big drinking bashes. Just imagine what’s going to happen when the rest of the dark towers downtown turn into rentals. There are so many units the rents are going to get pushed down in a hurry. There is going to be total mayhem, lots of partying and drinking and running wild through the halls.

Damn I wish I was 20 again.

[waterboy]

Maybe SDSU should purchase one of the towers…Vantage Pointe?

[waterboy]

Maybe SDSU should purchase one of the towers…Vantage Pointe?

[waterboy]

Maybe SDSU should purchase one of the towers…Vantage Pointe?

[waterboy]

Maybe SDSU should purchase one of the towers…Vantage Pointe?

[Author]

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