Quote:
Originally Posted by BrandonJXN
^ Gorgeous. Yes. It's been a great 2017 in LA 17 days in. That's what adaptive reuse should look like all across LA. This is very reminiscent of that reuse project slated for 7th and Alameda. All this development...more of it please.
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Rates could be rising, new administration could crimp Chinese money, and just plain overbuilding? Also a recession in 2017 or 2018? The boom has been great, and hopefully will continue, but I read recently that the new condos are offering concessions to buyers. Too many condos for wealthy, not enough for people of ordinary incomes. We hear about a shortgage of affordable housing, but nearly all of the new buildings cater to the wealthy or upper middle class. This is also true of SF, Seattle, San Diego. Think we might be at the peak or have started the decent. May not be as bad as 2007/2008 real estate plunge, but it could be painful in L.A., S.F., S.D., Miami etc.
In Canada, Vancouver has already peaked; Toronto could be next. Toronto looks very very very bubbly--almost 30 500' (or taller) buildings under construction! The Toronto building boom makes L.A. boom look puny in comparison.
Anybody disagree?