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4plexowner
Participant“So we really have ~6 months of active inventory + ~12 months of shadow inventory downtown.”
plus another 1000 units coming online this year
another thing not addressed in the article is that people are realizing that living downtown isn’t all that great a lifestyle – street people pissing on the side of your home doesn’t really make for Shangri-la in most people’s books – “Come on over for dinner, Margie, just ignore the homeless and urine smell on your way in” – families are also realizing that raising Johnie and Janie in the middle of a big city isn’t what they thought it would be – the idea that people shopping in other condo markets will “overflow” into downtown is a stretch IMO
Participant“So we really have ~6 months of active inventory + ~12 months of shadow inventory downtown.”
plus another 1000 units coming online this year
another thing not addressed in the article is that people are realizing that living downtown isn’t all that great a lifestyle – street people pissing on the side of your home doesn’t really make for Shangri-la in most people’s books – “Come on over for dinner, Margie, just ignore the homeless and urine smell on your way in” – families are also realizing that raising Johnie and Janie in the middle of a big city isn’t what they thought it would be – the idea that people shopping in other condo markets will “overflow” into downtown is a stretch IMO
Participant“So we really have ~6 months of active inventory + ~12 months of shadow inventory downtown.”
plus another 1000 units coming online this year
another thing not addressed in the article is that people are realizing that living downtown isn’t all that great a lifestyle – street people pissing on the side of your home doesn’t really make for Shangri-la in most people’s books – “Come on over for dinner, Margie, just ignore the homeless and urine smell on your way in” – families are also realizing that raising Johnie and Janie in the middle of a big city isn’t what they thought it would be – the idea that people shopping in other condo markets will “overflow” into downtown is a stretch IMO
Participant“So we really have ~6 months of active inventory + ~12 months of shadow inventory downtown.”
plus another 1000 units coming online this year
another thing not addressed in the article is that people are realizing that living downtown isn’t all that great a lifestyle – street people pissing on the side of your home doesn’t really make for Shangri-la in most people’s books – “Come on over for dinner, Margie, just ignore the homeless and urine smell on your way in” – families are also realizing that raising Johnie and Janie in the middle of a big city isn’t what they thought it would be – the idea that people shopping in other condo markets will “overflow” into downtown is a stretch IMO
Participant“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.”
San Diego’s next low-rent district …
Participant“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.”
San Diego’s next low-rent district …
Participant“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.”
San Diego’s next low-rent district …
Participant“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.”
San Diego’s next low-rent district …
Participant“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.”
San Diego’s next low-rent district …
Participant“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.”
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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!
Participant“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!
Participant“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!
Participant“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!
Participant“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!
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