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Metro Lofts switching from condos to apartments

Started by GRDadof3 , Jun 05 2006 07:49 AM

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1 reply to this topic

#1 GRDadof3

Gigalopolis

Global Moderators
17,213 posts

Posted 05 June 2006 - 07:49 AM

The developer is making the switch mainly due to an over supply of higher end condos currently on the market:

http://desmoinesregi...90394/1001/NEWS

What do you guys think?

#2 michaelskis

Hamlet

Members+
940 posts

Posted 29 June 2006 - 07:14 AM

GRDadof3, on Jun 5 2006, 07:49 AM, said:

The developer is making the switch mainly due to an over supply of higher end condos currently on the market:

http://desmoinesregi...90394/1001/NEWS

What do you guys think?

I think that it is a bad idea. Instead they should be built, and if they don�t sell just rent them out with the option to buy. I think that many people would end up buying after they lived there for a while.

While it is true that he will be left holding the bill for a while, based on a month by month case he would have a chance to make more money, however he would also have more risk.

If it were me, they would be condo�s with the rental options.

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