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Originally Posted by Sheryl
Our small town has over 1,000 housing units planned or under construction for the downtown, which up until now had less than 100 units.
The developers are in a mad race, whipping their architects to go faster, faster, faster, because they KNOW that not all of those units can sell.* IMO, it's not a matter of if the bubble will burst, just when.* It won't be pretty here, but we can go back to some sort of sane life, perhaps.
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I think in some market segments will loose value.* There are so many condo projects on the boards in the NW overcapacity looms.* Make sure that clients don't get behind on their fees because some will walk away.* If they don't do that they may shelve the drawings for a couple years, tough to do if all they have is an option on the site.
There are some areas where the market won't slump, IMHO.* Silicon Valley executive's homes for example.* The turnover there is effected by their quirky property tax laws so excess capacity hasn't been much of an issue.*
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Duck bjorn.
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