tag:blogger.com,1999:blog-1923860625279115418.post2209704947942943530..comments2024-03-28T00:49:16.065-07:00Comments on The San Jose Blog: One South Market Joshua Santoshttp://www.blogger.com/profile/08146556924287585958noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1923860625279115418.post-74981128564378106652013-06-05T10:57:43.066-07:002013-06-05T10:57:43.066-07:00"Developers underestimated buyer's discer..."Developers underestimated buyer's discernment" You mean renter's discernment? I think most rental companies (Essex is a rental company they don't built it themselves) keep decreasing the rent until they get a low enough vacancy rate, as vacancies mean a lot of forgone potential income. So ultimately if they are "overpriced" you mean they are overpriced by your standards, but you must realize that someone is renting them, therefore it is not overpriced by the market. I'm not sure how that qualifies as a "fiasco" though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1923860625279115418.post-33827448162801663562013-06-04T07:23:08.876-07:002013-06-04T07:23:08.876-07:00The fiasco was when the 360 units were for sale an...The fiasco was when the 360 units were for sale and the market tanked. Now they are 95%+ leased and the market for rentals is very hot.Joshua Santoshttps://www.blogger.com/profile/08146556924287585958noreply@blogger.comtag:blogger.com,1999:blog-1923860625279115418.post-38428750564106596642013-06-04T06:02:23.337-07:002013-06-04T06:02:23.337-07:00These are rentals, which is what 360 is now.These are rentals, which is what 360 is now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1923860625279115418.post-38164340895302021322013-06-04T05:33:28.054-07:002013-06-04T05:33:28.054-07:00I hate to say it but I smell another 360 fiasco. I...I hate to say it but I smell another 360 fiasco. I don't just smell it, I see it. Apartments that are too small and overpriced. Developers underestimated buyer's discernment, they really do.<br /><br />SAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1923860625279115418.post-58946201612116812062013-06-03T15:44:43.617-07:002013-06-03T15:44:43.617-07:00Oh, sorry I couldn't make it!! But -- that...Oh, sorry I couldn't make it!! But -- that's because I bought a condo downtown and was packing! I'm not going anywhere & I'm excited to see the continued growth and influx of people to downtown.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1923860625279115418.post-87363586662070845672013-06-03T13:41:46.522-07:002013-06-03T13:41:46.522-07:00Thanks, Josh, it was alot of fun trying all the be...Thanks, Josh, it was alot of fun trying all the beers and appetizers. It was even better, knowing the project is really underway. This week, they should work in earnest at the site.Urban Lovernoreply@blogger.com