tag:blogger.com,1999:blog-25213986.post114969941341459638..comments2023-09-05T02:56:11.562-07:00Comments on San Diego Market Monitor: Discovery #1503Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-25213986.post-1149731493128242582006-06-07T18:51:00.000-07:002006-06-07T18:51:00.000-07:00anon 6:02I have that very question in my mind as w...anon 6:02<BR/><BR/>I have that very question in my mind as well, frankly I do believe that there is a point where these apartment conversion projects "go red" meaning the money sunk in the project is more than the place is currently worth. I think that a lot of projects are heading in that direction quickly and that somewhere late summer you should see some corporate breakdowns start to occur.<BR/><BR/>Just my humble prediction. :)Mr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1149728538009908192006-06-07T18:02:00.000-07:002006-06-07T18:02:00.000-07:00What happens when the accumulated interest on unso...What happens when the accumulated interest on unsold units in new condo buildings plus construction loans exceeds current asking price for comp units?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-25213986.post-1149727909800581792006-06-07T17:51:00.000-07:002006-06-07T17:51:00.000-07:00No question San Diego is in a precarious position ...No question San Diego is in a precarious position in this market. All the quantitative information points to a correction in prices. The big question is how far down will they go. <BR/><BR/>Should be interesting.Mr. Brightsidehttps://www.blogger.com/profile/00185212105018833014noreply@blogger.com