Quote:
Originally Posted by pdxtex
the cheapest units in portlands largest condo building at the moment are 400k! dude, really? for a garden level one bedroom and thats the best they can do. i realize lenders are being a bit more stingy but come on, portlands not that hot of a market yet. under built and waaaay over priced.....
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If they make a big profit, others will build too, and saturate the market.
More likely that's what it costs to build a highrise of the type you're talking about. $400,000 would be at the low end in Seattle, and Portland probably isn't much cheaper, in land prices and so on.