Worst Shortage Ever: Downtown Edition

Will Carless at the Voice of San Diego released a column yesterday, hot on the heels of my own, about the building climate in downtown. Central to the story is a builder who has gotten land, designs, permitting, and everything else ready to start building—but is instead just trying to sell the project and bail out. Of course, this is just one project and one builder, but it may be indicative of things to come. One real estate agent is quoted as saying that the boom attracted a lot of inexperienced people to the downtown building game: "In the heyday, a monkey could be a developer in downtown."