At the tail end of 2005 I predicted a gloomy outlook for high rise sales in 2006; turns out I was right. Since approximately summer of 2006 I have predicted a very bleak outlook for high rises in the Valley for the next several years. Although I believed that real estate in general would recover nicely beginning January 2007, I firmly believed that we would experience a glut in vertical living that would be felt for several years.
So far, it appears that I'm wrong. Buyers have been calling our office like crazy looking to buy a hip and cool high rise property. It's certainly too early to know for sure how 2007 will turn out but so far I've never been so happy to be mistaken!!!
Saturday, January 27, 2007
Things ARE looking....up?
Subscribe to:
Post Comments (Atom)
2 comments:
You're the smartest guy in the world! Genious in fact.
Just wait until all of these people start defaulting on their loans. With the amount of building going on right now let all these idiots completley over-pay for these condo's and then after they file for chapter 11 swoop in and buy from the bank at a real price.
Post a Comment