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Old 05-10-2008, 12:21 PM
loulang2000 loulang2000 is offline
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Join Date: May 2008
Total Posts: 7
Default Re: Will downtown ever have affordable housing for sale?

Downtown housing while a fantastic idea, has, IMHO been executed in the wrong way. Some very high end prices, such as for top floors might be ok. But the majority of the units being offered aren’t nearly worth what they’re being charged for. 225/sft or higher is ridiculous when the developer, contractor spent half that per square foot. Additionally, have they thought about whom they want in downtown? At these prices, whom are they attracting? Who can afford those prices? The older population who may not be as likely to go out and spend money in their neighborhood? Corporations who use these units for their out of towners, which leaves the units empty part of the time? I see those wanting to live downtown and would be part of making it a vibrant energetic, and profitable place would be late 20’s & 30’s singles, divorced professionals, working couples who are likely to patronize the shops, restaurants, bars, social venues. I’m a young professional myself and making well into the 6 figures and let me tell you, I cannot afford downtown housing. That is, and still be fiscally responsible.
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