I think the interesting thing is the Brownstones start at $600,000...I went with a friend who was interested in buying one and like everyone else looking that day was really fired up after looking at a the show homes..As we were driving away I started asking him questions like....Do you think these brownstones will keep their value?..

Or how much does it cost to fix the elevators in them..or do they have to be inspected every year and how much does that cost?..I kept asking him questions and in the end he wasn't so fired up...

The brownstones are very nice but. they are not worth 600,000+ and most of them will cost more that that because the cost of building materials is going up..

Now comes the interesting thing...they are building this community and most haven't been built.....

So will they be able to build and sell all of the homes and will they all be over half million or will they sell a few high dollar units and then have to build cheaper models? If they do build cheaper units will that drive the value of the expensive units down....

The problem I see with the urban community downtown is the average income in OKC isn't that high...and these and other units are being built for people on the high end of the income scale.

I guess we could do what they do in a lot of other areas..take a interest only loan on the place!