It’s another reader’s comment (with which we very much agree):
I have been an architect and developer myself for over 25 years and it has been interesting, to say the least, to see so many people jump into the business of building homes. I think they became confused between the profits earned from a rapid escalation run-up brought on by cheap easy financing, and times past when good quality product in good locations sold because of real established value and experience. It will be nice when this market shakes out all of the “developers” and “designers”.
And yes, we’ll let you make the call (right here and now).
∙ Listing: 549 28th Street (4/4) – $2,100,000 [Virtual Tour] [MLS]
∙ Listing: 455 27th Street (4/3.5) – $2,595,000 [Virtual Tour] [MLS]
∙ Could “Priced Right” In Ashbury Heights Be Less Than What Was Paid? [SocketSite]