Condo Conversion Craziness

Pangloss62 · 07-12-2006, 02:31 PM

Atlanta is going condo BIG TIME. Even our famous Post Properties, dozens and dozens of overpriced apartment complexes, are converting. Lofts and lofts downtown too. You want expensive? I live in an apartment in a leafy subdivision of 60s and 70s ranch burgers. I have a great deal; it a day-light basement apartment, good landlord. About 5 years ago, a developer who lives in a replica of The White House nearby (true), started tearing down the perfectly nice ranchers to build his McMansions. Dig this: the ranchers are usually split-levels and one across the street sold for 235K. This developer dude just tore one down and built two McMansions. I picked up the flyer yesterday. Gulp. $1,199,000.00 That's for one. The other one located about 15 feet away is probably the same. I don't know who these people are that buy these things.

Hey Kit, sounds like you're in the same boat as me. I would go for a small house, but that's just me.

The developer lives in this replica of the White House

These are the "beautiful" homes he builds.

07-12-2006, 02:31 PM	#12
Pangloss62 Lecturer Join Date: May 2006 Location: Atlanta Posts: 768	Atlanta is going condo BIG TIME. Even our famous Post Properties, dozens and dozens of overpriced apartment complexes, are converting. Lofts and lofts downtown too. You want expensive? I live in an apartment in a leafy subdivision of 60s and 70s ranch burgers. I have a great deal; it a day-light basement apartment, good landlord. About 5 years ago, a developer who lives in a replica of The White House nearby (true), started tearing down the perfectly nice ranchers to build his McMansions. Dig this: the ranchers are usually split-levels and one across the street sold for 235K. This developer dude just tore one down and built two McMansions. I picked up the flyer yesterday. Gulp. $1,199,000.00 That's for one. The other one located about 15 feet away is probably the same. I don't know who these people are that buy these things. Hey Kit, sounds like you're in the same boat as me. I would go for a small house, but that's just me. The developer lives in this replica of the White House These are the "beautiful" homes he builds. __________________ Things are never as good, or bad, as they seem.

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