credit markets

Star Riverside has announced plans to proceed with construction of the first two planned buildings with completion expected in the first quarter of 2010.

The project may be the last major condo development to break ground during the current building boom. With tight credit markets and slack demand, most drawing board projects have been indefinitely delayed or cancelled.

A bubble exists when people are paying prices that make no sense.  "No sense" as in, "There's no way in hell that this asset will ever generate enough income to pay them back."

Here's a nice illustration. 

A bubble exists when people are paying prices that make no sense. ??"No sense" as in, "There's no way in hell that this asset will ever generate enough income to pay them back."

Here's??a nice illustration.??

A bubble exists when people are paying prices that make no sense.  "No sense" as in, "There's no way in hell that this asset will ever generate enough income to pay them back."

In an embarrassing reversal, the Monarch Condominiums has decided to convert from a 100% condo project to a 100% rental project.

This follows the projects switch from rental to condo just 3 months ago.