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September 20, 2009

Hell Comes To South Waterfront

It would seem that the falling prices on condos in The Next Great Urban Neighborhood™ are bringing in the Wrong Sort of People™:

…at that rate, Neustadt Storie figures it could be years before her condo recovers the value she paid for it.

She worries too about who her neighbors may be after the auction.

Stevens said nearly all of the auction buyers plan to live in their condos and aren't speculators.

Neustadt Storie said the Atwater is full of doctors, dentists and lawyers but she has seen younger people with parents walk through the building since the auction promotion began.

"Just what I want, to live in a dorm," she said. "My concern is the parents will rent it out for a frat party until they can flip it after the kid graduates."

Hey, things are tough all over. We can relate. But I'll be honest here: I though "Urban River Living" referred to the bridges the nouveau homeless were living under. My bad.

Via.

Posted by The Chinuk at September 20, 2009 07:17 PM