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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (59852)8/13/2006 4:14:34 PM
From: Elroy JetsonRespond to of 306849
 
San Diego has a condo glut which rivals Florida.

It amazes me to see the large number of condo projects still under construction in Los Angeles.
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To: bentway who wrote (59852)8/14/2006 10:19:57 AM
From: John VosillaRespond to of 306849
 
'I don't think S. Cal. has anywhere near the condo glut problem Florida has though..'

Florida just seems to be the worst of all by a wide margin since so widespread all over the state even in second and third tier markets. I bet they haven't built high rise $600k condos in downtown Riverside or Bakersfield. Plus FL economy is too tied to housing. New hurricane dynamics that weren't part of the equation two years ago can't help.


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