Originally Posted by
Midtowner
The urban revival, I think has really failed to live up to what we had hoped for thus far. What I see going up are in most cases wood frame, 4 story structures with no retail on the bottom floors, probably all of which will be falling apart in 20 years or so. The more interesting, luxury housing seems to be going for around the same $/sq. ft. as what you'd see in downtown Dallas. I am not convinced downtown real estate will continue to increase in value. I don't think it's necessarily a wise investment compared to suburban property. I have reason to believe that there's a price bubble which will pop as soon as inventory shoots past demand, which is something which is bound to happen with all of the development we have going on right now.
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