Deflation Land
Sic transit gloria mundi
Tuesday, March 18, 2008
Eastlake is in trouble
Condo for-sale signs everywhere on Eastlake just south of the University Bridge.
Here's some more. The fliers advertise a mix of units, cheap and expensive. Well, they're all overpriced, of course.
Meanwhile, the next wave of supply is ready for market soon:
NOW LEASING. Hmm, was this the original plan? I honestly don't know.
Conclusion from a Saturday morning walk: Eastlake is in trouble.
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