tag:blogger.com,1999:blog-14015147.post8192728389063558120..comments2023-10-26T04:46:23.811-07:00Comments on deeper: Portland Condo Market continues to sour quietly...adam lakehttp://www.blogger.com/profile/10239779960077941125noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-14015147.post-43799297240357986782007-10-27T21:51:00.000-07:002007-10-27T21:51:00.000-07:00While no reason to panic there are plenty of reaso...While no reason to panic there are plenty of reasons to be careful. Developers and their bankers must be pushing the numbers and holding their breath because if one starts "discounting" others must follow. Re-sellers must be trying to hold their price least the are forced to sell short. <BR/><BR/>The issue for all is how to fill up those buildings while maintaining fiscal stability. Won't be easy. <BR/><BR/>I think prices are too high, but I admit that it costs a lot to build those developments. There are lots of reason for this, some was the world-wide increase in basic materials such as concrete. Others may be that the City tried to move too many neighborhoods too fast.. all at the same time.. availability got ahead of demand. Banks had cheap money to lend, what to worry. Then there are the ever-increasing demands of the planning/building department for fees and their anal retentive demands about essentially unimportant things (grrrr..). Construction costs skyrocketed.Unknownhttps://www.blogger.com/profile/14182346013993935890noreply@blogger.com