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Los Angeles Times: Downtown Condo Shortage Shuts Out Buyers

June 12, 2014

Developers see a different kind of flexibility in building apartments over condos, said Richard Green, director of USC's Lusk Center for Real Estate.

 

"If you open your doors to a bad market, you drop your rents and get your apartments occupied," Green said. "If you are developing condos, you don't know whether there will be buyers around."