Enough….please!!!
Does anyone else think there are way to many condo building being built? There are numerous plans for condos along the Mississippi, four new condo buildings underway in Uptown, and at least one new condo building in the Warehouse District. Those are the only ones I am aware of, but I’m sure there is more. With the housing situation leveling out like it has been, it could spell bad news for all these new buildings. They are going to have to sell them pretty darn cheap to get people to buy them. There is ALREADY a glut in the market for them. What is weird is people ARE buying them, and quickly. I want to know if this is housing people are buying from outside the state, or are there a huge amount of houses that are on the market right now? Either way, if we keep building condos at the rate we are, it could spell disaster for EVERYONE. I feel like our house won’t sell as high if someone can go get a condo for cheap. That would REALLY suck.
What do other people think about this?
