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Cosmo's Sold Out? What's Going On?

Concord Pacific's latest development that was slated to officially go on sale this September, was pushed up to last weekend. Apparently they had 450 people lay down $500 deposits, so starting last Thursday, they started writing offers. Everything went so well, that by the end of last weekend, they were sold out.

To me, the prices looked like a good deal at first glance, but once you added the "premium" appliance package, which was a must due to the poor "basic" package, you were starting to creep up there in price. Oh, then you had to pay $37,500 for a parking stall!

Not such a good deal now, especially considering you can purchase a place across the street in Spectrum right now for a good deal less. Sure Spectrum as a building won't be quite the same quality, but it does offer an investor good rental income right now. Plus, if you're an investor, why do you care about all the lipstick anyways?

I think this is a little 2006, all over again. 

Just my opinion...

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