Comments on: New financing rules for condos http://salemoregonrealestatehomes.com/2009/03/18/new-financing-rules-for-condos/ The home truth and nothing but the truth Mon, 06 Feb 2012 00:24:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: melina@tomsonburnham.com http://salemoregonrealestatehomes.com/2009/03/18/new-financing-rules-for-condos/#comment-270 melina@tomsonburnham.com Sun, 22 Mar 2009 03:15:06 +0000 http://salemoregonrealestatehomes.com/?p=1644#comment-270 I guess I'm thinking that people would maybe work at t-mobile or some of the other business in the industrial park close by. There were some large commercial developments slated to be built there. It wouldn't be a fairly easy bike ride downtown from there. It's a fabulous idea, but the homes are just outside the price range of most Salemites. I guess I’m thinking that people would maybe work at t-mobile or some of the other business in the industrial park close by. There were some large commercial developments slated to be built there. It wouldn’t be a fairly easy bike ride downtown from there.

It’s a fabulous idea, but the homes are just outside the price range of most Salemites.

]]> By: Recent buyer http://salemoregonrealestatehomes.com/2009/03/18/new-financing-rules-for-condos/#comment-269 Recent buyer Sun, 22 Mar 2009 02:33:53 +0000 http://salemoregonrealestatehomes.com/?p=1644#comment-269 Exactly -- that's why Pringle Creek is having so much trouble marketing itself as a "green" development . . . it's only green if you overlook the forced dependence on autos that the location demands. Exactly — that’s why Pringle Creek is having so much trouble marketing itself as a “green” development . . . it’s only green if you overlook the forced dependence on autos that the location demands.

]]> By: melina@tomsonburnham.com http://salemoregonrealestatehomes.com/2009/03/18/new-financing-rules-for-condos/#comment-268 melina@tomsonburnham.com Thu, 19 Mar 2009 14:56:03 +0000 http://salemoregonrealestatehomes.com/?p=1644#comment-268 I know that 2 have sold in church street and actually closed. I am not sure the Meridian is move in ready so that would be 9 under contract and ready to close when completed. Yes the prices of the condos are not commensurate with the incomes of the average Salemite. Even some doctors are having pay freezes as hospitals are gearing up for more unpaid bills from people. It would have been nice if there were more condos geared towards prices that state workers could afford. Even the townhomes on Market are out of reach for many people. I think the second biggest issue for selling them is that people that want to live and work downtown still don't have a good way to go grocery shopping easily. Usually the point of living downtown is to not have to use a car. This latest announcement makes a difficult situation even worse. I know that 2 have sold in church street and actually closed. I am not sure the Meridian is move in ready so that would be 9 under contract and ready to close when completed.

Yes the prices of the condos are not commensurate with the incomes of the average Salemite. Even some doctors are having pay freezes as hospitals are gearing up for more unpaid bills from people. It would have been nice if there were more condos geared towards prices that state workers could afford. Even the townhomes on Market are out of reach for many people.

I think the second biggest issue for selling them is that people that want to live and work downtown still don’t have a good way to go grocery shopping easily. Usually the point of living downtown is to not have to use a car.

This latest announcement makes a difficult situation even worse.

]]> By: Recent buyer http://salemoregonrealestatehomes.com/2009/03/18/new-financing-rules-for-condos/#comment-267 Recent buyer Thu, 19 Mar 2009 05:27:31 +0000 http://salemoregonrealestatehomes.com/?p=1644#comment-267 When you say "I heard 9 had sold," do you mean closings have occurred? I admit to a real case of skepticism about all of those places -- they are priced as if Salem was Portland's Pearl District, but the incomes in this area won't support those per-foot costs at all ($275 and up), on top of which are monthly maintenance/condo fees. If they are selling, I am (1) amazed; and (2) feeling sorry for the buyers -- good luck selling at anything like your purchase price. With the flood of shorts available now, with more to come, it can't be easy selling those units at anything like the asking price. When you say “I heard 9 had sold,” do you mean closings have occurred? I admit to a real case of skepticism about all of those places — they are priced as if Salem was Portland’s Pearl District, but the incomes in this area won’t support those per-foot costs at all ($275 and up), on top of which are monthly maintenance/condo fees. If they are selling, I am (1) amazed; and (2) feeling sorry for the buyers — good luck selling at anything like your purchase price. With the flood of shorts available now, with more to come, it can’t be easy selling those units at anything like the asking price.

]]> By: melina@tomsonburnham.com http://salemoregonrealestatehomes.com/2009/03/18/new-financing-rules-for-condos/#comment-266 melina@tomsonburnham.com Thu, 19 Mar 2009 01:38:59 +0000 http://salemoregonrealestatehomes.com/?p=1644#comment-266 Last I heard 9 had sold. Last I heard 9 had sold.

]]> By: salem man http://salemoregonrealestatehomes.com/2009/03/18/new-financing-rules-for-condos/#comment-265 salem man Wed, 18 Mar 2009 23:26:20 +0000 http://salemoregonrealestatehomes.com/?p=1644#comment-265 I heard the Meridian just had an open house and that there was lots of inventory left to sell. I heard the Meridian just had an open house and that there was lots of inventory left to sell.

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