I'd have to agree. I'm amazed at how some people believe no one here can afford to live in such a building. Which doesn't quite explain how people can afford $500k homes on postage-size lots in Va. Beach, buy hummers, go to the OBX every weekend, go out to eat 3 times a week, etc. etc.
The simple fact is that developers wouldn't last long in this business if they didn't do their homework. Some make mistakes, but most probably don't. Clearly, enough people can afford to live in Granby Tower. Look at the Westin, Harbor's Edge (1 tower sold out, a second close to it if not already so), and all the other projects on Boush, Granby, Ocean View, Shore Drive, Town Center, etc. Are these and other developers building just because everybody else is? No, they're building because they've researched their A's off and know what they're doing.
Now, if part of the issue is sales of units, I'm convinced this is because of one simple overwhelming cause: daily negative media coverage of things like the Ford Plant. Just how many dozens of articles have we had shoved down our throats? How much can you milk one story? I'm sad to see people lose their jobs, but this will have no affect on our market's ability to support projects like Granby Tower. Yet, if I were new to the area or a potential investor, I'd probably believe the sky is falling too. It's like a few years back when a bank branch in Franklin closed and 2 people lost their jobs. Front page on the VP. In that same issue, back among the tire ads in the back of the business section, Chesapeake announced the creation of 3000 jobs from a Japanese firm. Hmmm.