30,000 New Condo Units
I found out about this at a Thanksgiving party. There are about 30,000 new units being built in San Franciso over the next few years. Those builders must be shitting their pants. I wonder how many of them will cut their losses and cancel. It will be better for them in the long run. They all obviously planned this shit during the boom thinking it would last forever and now they are fucked. I can't wait to see them all complete. I looked at a few of their website and they still have the gall to be asking almost 700k for 908sqft lofts.
I encourage everyone to replace the 'W' with a 'T' in every "NOW SELLING" signs they see.
posted by bourgeois at 5:03 AM
1 Comments:
Same thing going on in Anaheim, in SoCal. Several big condo projects (zero BR, 2-3 BA lofts that look like European Bauhaus factories) going up both in downtown and Anaheim Stadium areas, prices $400k-1M. RE Agents preaching to the suckers to "BUY NOW, BEFORE PRICES GO UP! DON'T BE LEFT BEHIND!!!"
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