Last week, the Statesman wrote a very strongly worded article suggesting the impending collapse of the downtown condo market.
The article was based on the following assertions:
- With mortgages tough to get and consumer confidence eroding, it is a tough time to sell real estate
- The capital markets are a mess, making it difficult for new projects to get the financing they need to get off the ground
- Sales absorption has slowed as the economy has weakened



