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Martha · 06-11-2006, 07:55 AM

I hope you are wrong but I think you are right.

I know the Phoenix area market is softer, where we are investors in apartment to condo conversions that are in the process of being sold. Sales have been steady for our units, but our developer says that sales of condos in less prime locations are slowing down and the apartment to condo conversions have stopped. I am glad our units are prime units in great locations, but even those could be seriously effected by a drop in the market.

06-11-2006, 07:55 AM	#4
Martha Moderator Emeritus Join Date: Feb 2004 Location: minnesota Posts: 11,730	I hope you are wrong but I think you are right. I know the Phoenix area market is softer, where we are investors in apartment to condo conversions that are in the process of being sold. Sales have been steady for our units, but our developer says that sales of condos in less prime locations are slowing down and the apartment to condo conversions have stopped. I am glad our units are prime units in great locations, but even those could be seriously effected by a drop in the market. __________________ . Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.