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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (64136)6/19/2006 10:47:38 PM
From: loantech  Read Replies (2) of 110194
 
Hi Russ,
Had not been to the Pearl district for 5-6 years except for a distant view of the area from the around Albers building a few times on bicycle rides. Went there on Saturday for fun. It appears as though many of the complexes are doing fine.

I see a lot of building going on, a crane up at NW 23rd area, three towers or so down by South Water front, several projects in the Pearl, the new Riverscape of around 8 blocks to build and sell.

I spoke with a sales agent for Riverscape. I guess Portland is still priced under the Seattle market but not by much. Of course she said sales were good with a lot of people outside of Portland coming in. I asked her if 5,000 units for sale (downtown area) would be a good guess and she replied yes. Store fronts in the Pearl were nice but traffic looked slow.

Do you see a lot of these getting sold or not sold? Occupancies in the existing projects so far look good BWDIK?

I guess I am stunned that there can be 5,000 units for sale all priced at $650,000 or more, many a lot more? Are my numbers close?

Or do many people just make a lot more money than I am used too so Maybe things are better and then no reason for doom and gloom?

Thanks for your comments,

Tom

PS:Eggs Benedict at Fenouil was very good.
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