Quote:
Originally Posted by The Dirt
I think that condos are still considered third rate homeownership in Denver, but are now in the price range that sfhs used to be 5 years ago for older stock and equal to sfhs for new construction. Tack on association fees and people feel like they'd rather live out in the boonies for all that yard space for the dog/child/significant other.
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That's a good summary of the current state of things. I'd like to think that there's room in downtown for a project like Amacon Towers but time will tell.
What I'm hoping for is that at the least they build the project as 'legal' condos with the thought of maybe having to rent out the second tower (or units that aren't selling). That adds significant legal costs, actually the additional recording fees of having to record each condo separately would be impressive. But it would also allow for easy conversion to condo sales later.