Last week, the Statesman wrote a very strongly worded article suggesting the impending collapse of the downtown condo market. The article was based on the following assertions:- With mortgages tough to get and consumer confidence eroding, it is a tough time to sell real estate- The capital markets are a mess, making it difficult for new projects to get the financing they need to get off the ground- Sales absorption has slowed as the economy has weakenedThese comments are all true and all derivatives of a single fact: the national economy is a mess. Over the last few months, the . . .
