Quote:
Originally Posted by combusean
Alta filled up fast because they gave sweet discounts to people moving in first. A friend of mine isn't sure that they can stay there a second year at a higher rate.
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Correct. I went by Alta last year to check prices and they were offering 4 months free prorated, which reduced the rent from $1200 ish? to $800 ish(if I remember correctly?).
It goes to show that in order for DT Phx to attract residents, cheap units must be constructed, then the multi-million dollar high rise condos, not the other way around. With that said, it is entirely possible to build affordable urban style rentals.