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davelj
ParticipantHere’s a recent discussion on this topic:
http://piggington.com/downtown_condo_pricing_direction#comment-183210
The vacancy rate among apartments downtown is about 5%… but that doesn’t include condo-owners renting out their units. Generically, rents have been trending up slightly downtown in the last several months.
davelj
ParticipantHere’s a recent discussion on this topic:
http://piggington.com/downtown_condo_pricing_direction#comment-183210
The vacancy rate among apartments downtown is about 5%… but that doesn’t include condo-owners renting out their units. Generically, rents have been trending up slightly downtown in the last several months.
davelj
ParticipantHere’s a recent discussion on this topic:
http://piggington.com/downtown_condo_pricing_direction#comment-183210
The vacancy rate among apartments downtown is about 5%… but that doesn’t include condo-owners renting out their units. Generically, rents have been trending up slightly downtown in the last several months.
davelj
ParticipantThis will be a nightmare, I promise you.
I just went through the process for adding about 180 square feet (via a loft) in a condo I recently bought. It should have taken a month and cost about $700 (in fees). Instead it took four months and cost almost $2,000 in fees. And, of course, having my drafting firm have to go back and re-do shit god-knows-how-many times added a few thousand dollars onto the project´s cost. So, the total cost of permitting – including drafting, permits, and all the other BS was probably almost $4,500. Should have been about $1,500. Now, I´m still glad I did it. Getting the extra square footage permitted was important to me, and the actual construction costs came in well below my initial estimate, so it all came out in the wash. But… dealing with the City was a major pain in the ass. I had no idea how fucked up it would be.
davelj
ParticipantThis will be a nightmare, I promise you.
I just went through the process for adding about 180 square feet (via a loft) in a condo I recently bought. It should have taken a month and cost about $700 (in fees). Instead it took four months and cost almost $2,000 in fees. And, of course, having my drafting firm have to go back and re-do shit god-knows-how-many times added a few thousand dollars onto the project´s cost. So, the total cost of permitting – including drafting, permits, and all the other BS was probably almost $4,500. Should have been about $1,500. Now, I´m still glad I did it. Getting the extra square footage permitted was important to me, and the actual construction costs came in well below my initial estimate, so it all came out in the wash. But… dealing with the City was a major pain in the ass. I had no idea how fucked up it would be.
davelj
ParticipantThis will be a nightmare, I promise you.
I just went through the process for adding about 180 square feet (via a loft) in a condo I recently bought. It should have taken a month and cost about $700 (in fees). Instead it took four months and cost almost $2,000 in fees. And, of course, having my drafting firm have to go back and re-do shit god-knows-how-many times added a few thousand dollars onto the project´s cost. So, the total cost of permitting – including drafting, permits, and all the other BS was probably almost $4,500. Should have been about $1,500. Now, I´m still glad I did it. Getting the extra square footage permitted was important to me, and the actual construction costs came in well below my initial estimate, so it all came out in the wash. But… dealing with the City was a major pain in the ass. I had no idea how fucked up it would be.
davelj
ParticipantThis will be a nightmare, I promise you.
I just went through the process for adding about 180 square feet (via a loft) in a condo I recently bought. It should have taken a month and cost about $700 (in fees). Instead it took four months and cost almost $2,000 in fees. And, of course, having my drafting firm have to go back and re-do shit god-knows-how-many times added a few thousand dollars onto the project´s cost. So, the total cost of permitting – including drafting, permits, and all the other BS was probably almost $4,500. Should have been about $1,500. Now, I´m still glad I did it. Getting the extra square footage permitted was important to me, and the actual construction costs came in well below my initial estimate, so it all came out in the wash. But… dealing with the City was a major pain in the ass. I had no idea how fucked up it would be.
davelj
ParticipantThis will be a nightmare, I promise you.
I just went through the process for adding about 180 square feet (via a loft) in a condo I recently bought. It should have taken a month and cost about $700 (in fees). Instead it took four months and cost almost $2,000 in fees. And, of course, having my drafting firm have to go back and re-do shit god-knows-how-many times added a few thousand dollars onto the project´s cost. So, the total cost of permitting – including drafting, permits, and all the other BS was probably almost $4,500. Should have been about $1,500. Now, I´m still glad I did it. Getting the extra square footage permitted was important to me, and the actual construction costs came in well below my initial estimate, so it all came out in the wash. But… dealing with the City was a major pain in the ass. I had no idea how fucked up it would be.
davelj
ParticipantDowntown rents were down peak-to-trough by about 10%-15% depending on the location. Now rents are moving up again. Once Vantage Pointe is fully leased up (purportedly by August) things are actually going to be a bit tight downtown. Which surprises me.
davelj
ParticipantDowntown rents were down peak-to-trough by about 10%-15% depending on the location. Now rents are moving up again. Once Vantage Pointe is fully leased up (purportedly by August) things are actually going to be a bit tight downtown. Which surprises me.
davelj
ParticipantDowntown rents were down peak-to-trough by about 10%-15% depending on the location. Now rents are moving up again. Once Vantage Pointe is fully leased up (purportedly by August) things are actually going to be a bit tight downtown. Which surprises me.
davelj
ParticipantDowntown rents were down peak-to-trough by about 10%-15% depending on the location. Now rents are moving up again. Once Vantage Pointe is fully leased up (purportedly by August) things are actually going to be a bit tight downtown. Which surprises me.
davelj
ParticipantDowntown rents were down peak-to-trough by about 10%-15% depending on the location. Now rents are moving up again. Once Vantage Pointe is fully leased up (purportedly by August) things are actually going to be a bit tight downtown. Which surprises me.
May 31, 2011 at 6:55 PM in reply to: Excellent summation why housing market will be terrible for a long time #700329davelj
Participant[quote=StaunchLibertarian]
The dollar may collapse, but if the plebeian hordes can only find work at Chotchke’s…[/quote]I would appreciate it, Sir, if you would not denigrate a fine eating establishment and a fine place to work!
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