Quote:
Originally Posted by innov8
This is a rendering in the July issue of Comstock Magazine. They have a feature
story on the city and weather the waterfront area over there is now starting
to get going or is it's another false start... Good read. |
anything like this is years away, unless all of those highrises are full of office space...the real estate market is in a slump, not expected to revamp until 2009, so i would say that lenders are going to be weary of investing in any highrise condo buildings in sacramento, or california for that matter...the 1st quarter of this year alone, over 40,000 people defaulted on their mortgages just here in california, on pace to meet the former record of just over 54,000 in a single quarter