Quote:
Originally Posted by rivernorthlurker
As Steely says, I think so https://commercialobserver.com/2021/...o-multifamily/
With the foundation already completed, I have to believe that this would be about enough to finish it based on costs of other towers of this size/type. Being rental the finishes will also cost less than the previous condo design too methinks. Also majority of the design/engineering would have been already completed.
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Also the previous recession was somewhat unusual in that it completely undermined the housing market AND the banking and credit system.
Right now, the situation just looks like a bear market (especially in tech) similar to the 2001 recession. I don’t think banks will halt most loans like last time, even if they’re likely to be cautious.