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Old 04-03-2014, 01:25 PM
 
Location: Atlanta
506 posts, read 347,157 times
Reputation: 433

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Quote:
Originally Posted by AnsleyPark View Post
A million bucks for 1900 square feet and no yard? Wow...
I agree.
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Old 04-03-2014, 01:33 PM
 
1,114 posts, read 1,994,482 times
Reputation: 701
Quote:
Originally Posted by IntentionsRGood View Post
The same penthouse sold for $540,000 in 2010.
Different data point since we don't exactly have info on any current offers. What happens if it actually sells for 750? Have seen similar units in Metropolis and Spire list for over 800k. 10 extra stories of height and some serious balcony space probably can command some premium.

If we see it go for 1.5 w/ a bunch of bidders we may need to consider shorting the market but unless it sells it's still speculation.

See my earlier link for how bad speculators were in Twelve Atlantic Station. They were trying to get 30-40% premiums in a 1-2yr span while their view was blocked out by the Atlantic.
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Old 04-03-2014, 03:46 PM
 
Location: Atlanta
506 posts, read 347,157 times
Reputation: 433
Quote:
Originally Posted by Mishap View Post
See my earlier link for how bad speculators were in Twelve Atlantic Station. They were trying to get 30-40% premiums in a 1-2yr span while their view was blocked out by the Atlantic.
Thanks. I read about the poor sap who lost his skyline view. I felt bad for him.
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Old 04-04-2014, 06:47 AM
 
29,386 posts, read 26,339,390 times
Reputation: 10281
This may not bode well for Midtown:


Quote:
Midtown, once a hipster haven, is getting gentrified by Manhattan transplants and Pace Academy kids who want to stick it to their Buckhead parents.

More....Beltline & Co. layers onto Atlanta's startup building infrastructure - Atlanta Business Chronicle
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Old 04-04-2014, 06:55 AM
 
Location: Atlanta, GA
298 posts, read 294,557 times
Reputation: 348
Quote:
Originally Posted by arjay57 View Post
This may not bode well for Midtown:
Why?
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Old 04-04-2014, 06:59 AM
 
29,386 posts, read 26,339,390 times
Reputation: 10281
They'll price the hipsters and ordinary people out of the market.
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Old 04-04-2014, 07:25 AM
 
368 posts, read 429,416 times
Reputation: 273
Since when was Midtown ever a "hipster haven"? Midtown isn't O4W or EAV, it's never been a hipster area.
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Old 04-04-2014, 07:36 AM
 
Location: North Atlanta
5,443 posts, read 3,838,987 times
Reputation: 2979
Quote:
Originally Posted by shivtim View Post
Since when was Midtown ever a "hipster haven"? Midtown isn't O4W or EAV, it's never been a hipster area.
Maybe 35+ years ago when it was a "hippie haven," but that Midtown was gone long before the high rises came in.
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Old 04-04-2014, 09:21 AM
 
29,386 posts, read 26,339,390 times
Reputation: 10281
I'm more concerned about all those Pace Academy kids.

They roll in with their giant bank accounts and drive prices through the roof, but are they really interested in walkable, urban communities or just sticking it in the old man's ear?
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Old 04-04-2014, 10:32 AM
 
Location: Atlanta
2,860 posts, read 2,817,901 times
Reputation: 1437
Quote:
Originally Posted by Mishap View Post
I face the same view. Electricity is $40-50/mon during summer and comfortable w/ minimal AC. Actually spend more on heat.
Really? I have never received a $40 to $50 power bill. Maybe there are too many electronics draining power during the day.

Quote:
Originally Posted by arjay57 View Post
I'm more concerned about all those Pace Academy kids.

They roll in with their giant bank accounts and drive prices through the roof, but are they really interested in walkable, urban communities or just sticking it in the old man's ear?
That's the one on West Paces? Yeah, that's going to suck for me if I decide to buy in that area. Are there benefits to turning into a life long renter?
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