Developers falling into a Catch-22
July, 01, 2008
It's a tough time to be a residential developer, as The Real Deal explores in a series of stories. Projects are taking longer to sell out, placing developers in a bind as lenders typically won't let them lower prices. And as units sit, developers find themselves with additional costs. Some developers are choosing to go with Plan B and switch from condos to rentals, but even that is far from a safe bet these days.
Developers in a bind over prices
Shouldering the costs
Choosing Plan B: When going condo to rental makes sense
Flippers sweat to avoid flop