Comments on: Grafton Plaza Back to Square One http://www.arounddublinblog.com/2010/01/dublin-ca-grafton-plaza-back-to-square-one/?utm_source=rss&utm_medium=rss&utm_campaign=dublin-ca-grafton-plaza-back-to-square-one Dublin, CA (California) News & Online Community Thu, 09 Feb 2012 02:30:42 +0000 hourly 1 By: Anonymoushttp://www.arounddublinblog.com/2010/01/dublin-ca-grafton-plaza-back-to-square-one/#comment-4783 Anonymous Thu, 01 Jan 1970 00:00:00 +0000 http://www.arounddublinblog.com/?p=1978#comment-4783 That was what I realized some of the short sale can go as low as 300000 for a 1100SF unit. Sighhh........As an owner of Elan, nothing I can do. That was what I realized some of the short sale can go as low as 300000 for a 1100SF unit. Sighhh……..As an owner of Elan, nothing I can do.

]]> By: Anonymoushttp://www.arounddublinblog.com/2010/01/dublin-ca-grafton-plaza-back-to-square-one/#comment-4779 Anonymous Thu, 01 Jan 1970 00:00:00 +0000 http://www.arounddublinblog.com/?p=1978#comment-4779 They have lowered the prices to mid $300Ks at the Terraces. Use to be upper $300s and $400s They have lowered the prices to mid $300Ks at the Terraces. Use to be upper $300s and $400s

]]> By: Anonymoushttp://www.arounddublinblog.com/2010/01/dublin-ca-grafton-plaza-back-to-square-one/#comment-4775 Anonymous Thu, 01 Jan 1970 00:00:00 +0000 http://www.arounddublinblog.com/?p=1978#comment-4775 Anything can happen years from now. However, there are way too many uncertainties in this market. I would not bet on the housing recovery to be sustainable in a short to mid term, especially in the condo sector. Condos sector tends to lag behind the market for years. There appear to be a shortage on the single family houses, since multiple offers are very typical for most newly-listed homes in Dublin. However, condos price keep on dropping to a unsustainable level that the developers may not even make a decent profit, unless they compromise with lower quality of material to keep cost down. 100% commercial plus hotel development will be more beneficial to the local enoconomy and housing market in general. Taking an example of Irvine in southern california. They did not build most commercial and residential all at once. Most high density housing were built after the major empolyers moved in. In addition, housing project normally take much less time to build than commerical buildings. If the high density condo demand were about to increase, I am sure the developer will request a change in use at the time. I think that it is absolutely inappropriate to put cloud over the current condo owners in the area. There may be a hint of light in the tunnel for single family home owner, but it will be years from now for condo owners. Anything can happen years from now. However, there are way too many uncertainties in this market. I would not bet on the housing recovery to be sustainable in a short to mid term, especially in the condo sector. Condos sector tends to lag behind the market for years. There appear to be a shortage on the single family houses, since multiple offers are very typical for most newly-listed homes in Dublin. However, condos price keep on dropping to a unsustainable level that the developers may not even make a decent profit, unless they compromise with lower quality of material to keep cost down. 100% commercial plus hotel development will be more beneficial to the local enoconomy and housing market in general. Taking an example of Irvine in southern california. They did not build most commercial and residential all at once. Most high density housing were built after the major empolyers moved in. In addition, housing project normally take much less time to build than commerical buildings. If the high density condo demand were about to increase, I am sure the developer will request a change in use at the time. I think that it is absolutely inappropriate to put cloud over the current condo owners in the area. There may be a hint of light in the tunnel for single family home owner, but it will be years from now for condo owners.

]]> By: Anonymoushttp://www.arounddublinblog.com/2010/01/dublin-ca-grafton-plaza-back-to-square-one/#comment-4773 Anonymous Thu, 01 Jan 1970 00:00:00 +0000 http://www.arounddublinblog.com/?p=1978#comment-4773 Not too bad in this economy. Hope they are not rushing to sell and lowering the price. Not too bad in this economy. Hope they are not rushing to sell and lowering the price.

]]> By: Anonymoushttp://www.arounddublinblog.com/2010/01/dublin-ca-grafton-plaza-back-to-square-one/#comment-4767 Anonymous Thu, 01 Jan 1970 00:00:00 +0000 http://www.arounddublinblog.com/?p=1978#comment-4767 Saw this in the paper this morning on Kolb Elementry.<a href="http://www.insidebayarea.com/trivalleyherald/localnews/ci_14289247" target="_blank" rel="nofollow">http://www.insidebayarea.com/.../ci_14289247</a> Saw this in the paper this morning on Kolb Elementry.

http://www.insidebayarea.com/…/ci_14289247

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