March 25, 2012
We plant seeds, pull weeds, feel the rain on our face…its Sunday.I worked late last week. Sifting through interviews, reading all the articles I have gathered over the last two or three years about condominiums, studied the attached housing comps on MLS. Where are they heading?
Will the surge in the acquisition of apartment complexes somehow converge with the condo market in the future? Will condos fall back as they have in the past and become the ugly ducklings? During one of the very first interviews with a friend who is a noted real estate consultant, I spoke of the direction of the condo market, how it was hard for me to see. My goal is always to stay ahead of the curve, but now, I am not so sure. He said maybe I was looking in the wrong direction. Maybe.I continue asking questions, making the calls, reading the journals, the papers, and look at the numbers.And it was another friend, a competent and highly regarded developer, who mused as he was reflecting about the past two years and looking at the months and years ahead, said, “This might be a good thing.”My instincts have said that, “This might be a good thing.” I just needed to hear that as I searched for words which ring true.I will move forward as I separate what I know about condominiums into many folders. The course may change, up or down. The path may widen or narrow. I am sure there are times when I will feel frustration again. And then I recall when Condo CanDo was first getting started. I had to go to the Register of Deeds and buy the tax map books and go page by page to identify the footprints of buildings that I thought were condos. The streets of condominium complexes were mostly private so they were not on the city maps. And there was no database, no list of names. I have started on this path before and learned to love all the nuances. I am looking forward to my journey. It will be a good one.Coming up: Condominiums-People