Quote Originally Posted by DetroitPlanner View Post
Regardless they are going to have a hard time selling condos at this price. Once you add on property taxes and maintenace fees to the condo association the cost of living at something like this is astronomical. Just a few blocks outside of downtown B'ham are quiet nice residential streets with a plethora of housing in various sizes that are not selling at a fraction of the cost.

People need to get back to living reasonable and dare I say modest lifestyles. Conspiscious consumption went away when our retirement savings took a gigantic hit two years ago.
The last thing that the type of people who will buy those condos want to be is conspicuous. Some folks just don't want the hassle of maintaining a house and will pay for the convenience of condo living.