Discuss Detroit » Archives - January 2008 » Downtown rentals fare better than condos « Previous Next »
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Crains
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Username: Crains

Post Number: 20
Registered: 08-2007
Posted on Monday, January 07, 2008 - 10:52 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
New York developers embarking on a mixed-use project in Detroit’s business district will now follow two troubled residential developments within a two-block radius.
http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2008 0107/SUB/777613995/1033
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Rbdetsport
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Username: Rbdetsport

Post Number: 439
Registered: 11-2005
Posted on Monday, January 07, 2008 - 4:27 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
BUMP
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Bobj
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Username: Bobj

Post Number: 3562
Registered: 11-2003
Posted on Monday, January 07, 2008 - 5:00 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
That is interesting, seems like if you could afford the rents, you would want to buy, unless you are not sure you want ot live Downtown longterm
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Danny
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Username: Danny

Post Number: 6941
Registered: 02-2004
Posted on Monday, January 07, 2008 - 5:46 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)
This is no bump Rbdetsport!

When the economy in Detroit and rest of Michigan goes belly up, so will the condos and single family housing. It's time for developers to keep the real estate market simple to create rental housing. Maybe it happen to the Griswold complex and the 1001 Woodward building.

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