Posted
4:57 PM
by Gene
IMBECILES: Our Center City is sprouting with at least 500 high-rise condo projects, 490 of which were planned before the housing bust. One of them is a partial conversion of one of our tallest office buildings. Well wouldn't you know, the
office market is firming up even as 2 million new condo units glut the residential, and to read between the lines (as you must with real-estate adver...
reporting) the developers of this sure-fire hit may be having second thoughts -- especially as the
StinkyInky admits "[t]here have been no presales or deposits." Which makes us wonder if real-estate cycles generate themselves, whether when the market's up to its gizzard with one bankrupting fad it commences with another bankrupting fad and on and on and on until every last Real-TORĀ® is broke.