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Originally Posted by POGO
Wow Nuehickman79, you're really angry again today. Better get your doc to refill your prescription dear. In case you didn't notice, I didn't write the article, I only posted it. When the Wall Street Journal (or any other credible publication) writes an article about how wonderful the market is in cities like Sacramento, I'll post that here. In the meantime, I think your doctor could recommend some good anger management classes for you.
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I have to agree somewhat with Neuhickman79 in that the article really has little to do with the Towers and in fact i didn't see one mention of Sacramento (maybe I missed it?).
Highrise living in Sacramento has been virtually untapped and a downtown in the center of 2.2 million people will surely be able to fill a couple of condo towers.
I would agree that perhaps many people across the country have gotten themselves into uncomfortbale contract agreements and decided the wise thng to do would be to eat the contract and lose the deposit. The towers aren't the kind of project where people sign only to decide they can't afford it and then walk away. I'm pretty certain that most of the buyers knew (or know) what they're buying.
There was just an article in the paper the other day that predicted the 2007 Sacramento housing market would bounce back to levels seen in 2000. (I'll post the article)
As Saca has said before he's selling a lifestyle, (not a ranch home per se'). Some people will naturally been freightened away by the downturn in housing, however Sacramento's housing market is also being predicted be the first in the nation to go back on the upswing.
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