More repartmenting and condoments
Thanks to Jim and Matt who reported that Live Historic’s Marlborough conversion project is reverting back to apartments. Matt also noted that Maris condos on Shilshole made available their unsold units as rentals. Marlborough and Maris joins other developments which reverted back or switched to apartments or are now leasing unsold units – Max, WestWater, Carbon 56, Domaine, Expo 62, Landes, Strata. I’m sure we’ll be seeing more of these.
I do have a feeling that we’re going to see more of this trend. Now that we are realizing that so many people bought a home but weren’t financially prepared for the commitment, we will be seeing more people renting rather than buying. It just feels safer for many potential buyers right now.