QCkid,
Nice recap, that is what I exactly heard and thought about the Row. Don't you think the Row going to market rate apartments is going to devalue the rest of the condos? Also, with almost 50% of the units on the market still, won't the developer cut prices to try to sell them, ultimately hurting the people that bought in early? Its not an investment, but I don't want to go down 10-20% just because the developer can't sell the units. Wouldn't buying in an established building be a "safer" (relative term) in this market. What I mean is that you will not be competing with the builder if you have to move in the next 3-5yrs. Each day that goes by I get closer to walking. I would encourage others really to think about the overall economics of this project. Why would they be selling an entire building to an investor? Do you think that investor is going to pay retail? Its going to be a cost plus deal, paying slightly above what the builders cost. Then they are going to turn it around and rent it out. Just gives me a bad feeling about the financial situation for the builder. Qckid, when I hit 10 posts, would love to talk offline about some more details.