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Old 01-09-2010, 07:47 AM
14,385 posts, read 23,061,016 times
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Take a look and enjoy...


What do y'all think?
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Old 01-09-2010, 10:27 AM
9,124 posts, read 33,300,535 times
Reputation: 3570
I think they need to update the plan, because it's based on data and assumptions that aren't reflective of the current market. For example, the report states:

"The market analysis concludes that the residential market momentum will continue
over the next six years, adding over 5,700 rental or ownership housing units by 2015."

The report was based on workshops conducted in late 2008, at which time the area had already slowed, yet they predicted another 5,700 units in the next 6 years, which is more than what was added from 2000-2008 when the market was hot. Unfortunately, we'll be lucky to see 1/2 that number, other than the absorption of the current inventory of over-built units, which will occur at fire-sale prices when it occurs.
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