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May 27, 2008
Condo sales slumping, cities offer incentives
AP, via WTOL11 (Cleveland)
Slumping sales are forcing Cleveland area condo developers to offer free washers, dryers and even cars to lure buyers.
...
Forest City Enterprises recently re-launched condo sales with a 5 percent discount, plus a free washer and dryer. The empty condos hurt the city's tax base and drive down property values.
NoLandGrab: What will be the result of Forest City Enterprises's build-it-and-they-will-come business plan in Brooklyn?
Posted by lumi at May 27, 2008 5:04 AM