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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (28626)	3/15/2005 8:30:32 AM
From: loantech	Respond to of 110194

But Russ don't you want a one bedroom APT for 800K? <g> If they keep up the developing I will have a nice several mile river loop to ride my bike on and if we get recessionary I can ride solo. <g> It is about 20 miles round trip from my home in the flats of Milwaukie. River trails will add quite a bit of very scenic paths. The upside. Tom

To: russwinter who wrote (28626)	3/15/2005 9:24:20 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Let me repeat to you the question I asked in the prior post, "How many of these folks have financing actually lined up to close and take possession in the next month or two?" In otherwords, are these just deposits people can walk away from, or are these hard deals in escrow about to close? Do you know anything about this project?

To: russwinter who wrote (28626)	3/15/2005 10:10:43 AM
From: Roads End	Read Replies (1) \| Respond to of 110194

condos south of the Broadway bridge That area is designed to be a low income complex with plenty of public assistance. The working poor isn't home at 6 PM. Do not confuse with freeloaders in upscale Pearl skating on 90% property tax abatements. Inflation?, you see the tram piece today? Material costs and, Oh My!, engineering costs have skyrocketed above budget. So much for the no inflation in service costs line. Those dopes should have had Indian engineers I guess NG

To: russwinter who wrote (28626)	3/15/2005 12:12:06 PM
From: John Vosilla	Respond to of 110194

Anyone have any idea how many of these ultra expensive and lavish high end urban condos are coming on line in the next 3 or so years? Seems just about every one of the top 40 SMSA's are now heavily pushing this new concept. Just my market of South Florida with a population of 5M looks like at least 40K coming on line. It is conceivable the overall numbers could approach a million nationwide. New ownership society on steroids.

To: russwinter who wrote (28626)	3/15/2005 2:49:28 PM
From: Wyätt Gwyön	Respond to of 110194

they have similar developments at similar pricepoints in downtown Austin. which seems crazy to me since for the same money you could buy a really nice place with acreage like a mile away. and now they just opened a ridiculous new Whole Foods which has a 3-level underground parking lot, which takes forever to get into and out of. long term, i don't know if they can depend on a lot of people spending an extra 45 minutes in the parking lot for the pleasure of spending time in exhaust fumes in the dark. now, i can understand having an underground parking lot for a grocery store in a place like Manhattan or Tokyo, but there happens to be a lot of land in Texas. it's almost like they want to have this fake land scarcity to make things seem more urban. it reminds me of the scene in "A Man in Full" where, in the middle of blistering summer heat, this rich guy blasts the A/C so that it will be really cold in his "lodge" and he can have a big fire blazing in the hearth. these same Whole Foods geniuses just closed their "old" grocery store (which wasn't even 10 years old, i don't think), which was literally across the street. at that location, they had a regular parking lot, and then they had this stupid parking garage that was like 400 feet from the store. they thought they could "shuttle" people to the parking lot in a golf cart, but nobody ever used it. what a waste of money. WFMI was my first stock purchase at around 10 bucks in the early mid-90s, after it went public. now it's a ten-bagger (unless it's split, in which case it's more). based on what i've seen of their "intelligence", i can only surmise from the stock's stellar performance that the rest of the public grocery-chain industry is run very poorly. that, or it's the Neiman-Marcus/WMT disparity thing. maybe the latter, since obviously WFMI must rely on a certain kind of high-margin shopper to pay for its parking lots.