
Originally Posted by
Midtowner
I did live downtown for several years at Sycamore. Once I graduated from law school, I would have loved to move to a condo downtown. Unfortunately, the developers think they can provide an unlimited supply of property at $250-$350/sq. ft. and find buyers for it. They attempt to price our downtown real estate at or around Dallas prices. I'm bumfuzzled. Instead, I have property that's practically lakefront on Hefner, attached to the city's bike trails, a yard, a good floor plan, etc. at $90/sq. ft. I'm a 15-minute drive from work, but I have vastly superior retail near me. I should be downtown's target market--young, professional, decent income, no kids, involved in my community, etc.
I figure anyone who buys downtown right now doesn't really see money as an object. The current prices, in my estimation are not sustainable. If you look at your home as an investment (and at my age, unless you are living off of a trust fund, you have to), these homes are just awful investments.
I don't care about the grocery store thing. When we lived downtown, it was never a big deal. I love the atmosphere, all the stuff there is to do, the zero commute, but it's not worth the price tag.
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