Just how many downtown apartments and condos do we need? Where are the people coming from to live in these expensive places? It takes a roommate to be able to afford even a cheap downtown
space and we continue to build more and more expensive housing.
Just from driving around downtown and looking at all the buildings my estimate is about 60-70 percent are vacant buildings. It would be interesting to see the actual numbers.
As an afterthought, where are they going to park? Scratch that, they all ride bicycles.
Eventually, the buck has to hit a stopping point and some investors will be on the hook for all the millions they invested in downtown housing. Maybe that is a solution to our housing for the homeless. Build a fancy condo or apartment building and then rent it Section 8. Everybody wins.
Mike Layne