Anyone have any info as to why they seem to be building only apartments and hotels downtown as opposed to condos? Anyone know of any condo developments that are in the planning stages?

It sure would be nice to live walking distance from work without throwing money away in the form of rent.

6 ...

Report Post

Posted by athenslife101

Member since Feb 2013

18616 posts

Posted on 1/18/17 at 8:16 am to Mr Wonderful

Real estate companies learned from the housing crisis that apartments are much much much safer than condos.

This post was edited on 1/18/17 at 8:22 am

0 ...

Report Post

Posted by Kcrad

Diamondhead

Member since Nov 2010

55138 posts

Posted on 1/18/17 at 8:17 am to Mr Wonderful

They cost less in high cost property.

0 ...

Report Post

Posted by OysterPoBoy

City of St. George

Member since Jul 2013

35654 posts

Posted on 1/18/17 at 8:19 am to Mr Wonderful

I thought condo was Mexican for apartment.

1 ...

Report Post

Posted by baseballmind1212

Missouri City

Member since Feb 2011

3267 posts

Posted on 1/18/17 at 8:20 am to Mr Wonderful

They have one "Condo" building being built right now.
It is three floors, each floor is a different privately owned Condo ~ 3,000 ft2.

they were sold before construction even began for over $1 million a piece.

3 ...

Report Post

Posted by tigeralum06

Member since Oct 2007

2792 posts

Posted on 1/18/17 at 10:19 am to Mr Wonderful

River view and river palms both have condos downtown. Might can findo something near Spanish town or Beauregard town as well.

0 ...

Report Post

Posted by mack the knife

EBR

Member since Oct 2012

4187 posts

Posted on 1/18/17 at 10:27 am to Mr Wonderful

condo financing for buyer's purchase is really hard if not impossible to get. only lender in BR that i know of providing condo financing is Campus Federal and it's offered as a 5 yr ARM, no 30 yr amortization

0 ...

Report Post

O-T Lounge - Replies to Post

Return To Board

Page 1

Return To Board