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bluff2085

Memphis Rental Market

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mdn - memphis' healthy rental market

Reports like the one in today's daily news (and there have been many in the last year or so) citing out-of-town investors are a constant reminder of how undervalued Memphis is. Almost weekly it seems there are reports of investors from states like California and Florida quietly exposing Memphis' unacknowleged potential.

Excuse me for beating a dead horse, but doesn't it seem like the Vue, had it come online as originally anticipated in late 2007, would have been just what the doctor ordered, given the current rental market? I still can't get over the 5-story joke ultimately chosen by the CCC--whose decision BTW was just a nod towards the proposal's "sure-thing" component. IMO the Turley building just embodies this city's inability to acknowledge its own assets, aka, it's one reason outside investors think they can make so much money here.

For various reasons, Memphis continues to favor these minimal-impact, piecemeal development plans. Meanwhhile alert investors from all over snatch up local property before we can realize how much we've shorted ourselves. With a few exceptions (Gene Carlisle, etc), when can we expect developers/city officials to get out of this "no-wake" zone and give our city the twenty-first century facelift it needs?

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mdn - memphis' healthy rental market

Reports like the one in today's daily news (and there have been many in the last year or so) citing out-of-town investors are a constant reminder of how undervalued Memphis is. Almost weekly it seems there are reports of investors from states like California and Florida quietly exposing Memphis' unacknowleged potential.

Excuse me for beating a dead horse, but doesn't it seem like the Vue, had it come online as originally anticipated in late 2007, would have been just what the doctor ordered, given the current rental market? I still can't get over the 5-story joke ultimately chosen by the CCC--whose decision BTW was just a nod towards the proposal's "sure-thing" component. IMO the Turley building just embodies this city's inability to acknowledge its own assets, aka, it's one reason outside investors think they can make so much money here.

For various reasons, Memphis continues to favor these minimal-impact, piecemeal development plans. Meanwhhile alert investors from all over snatch up local property before we can realize how much we've shorted ourselves. With a few exceptions (Gene Carlisle, etc), when can we expect developers/city officials to get out of this "no-wake" zone and give our city the twenty-first century facelift it needs?

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