COMMENT OF THE DAY: MONTROSE, GOING VEGAS “. . . It took Montrose it’s whole lifetime to get to ~7000 units. Yes there is strong demand, no one would doubt that . . . which is why you have people building. But they’re building at a frantic pace. So while it took Montrose it’s whole life to ~7000 units, we’re about to DOUBLE that in a few years. So strong demand brings strong supply. I believe turds is saying that the supply is coming so strong that it’ll outpace demand and thus create the need for incentives. Personally I think we’re going to have a Vegas (strip) style disruption in econ 101 where supply tends to CREATE demand. As these units come online, they’ll make the area better, and increase demand to live here. These units won’t be for the people living here. They’ll be for new people coming here. So I think Montrose can take these units on and be just fine (with respects to multifamily operator demand).” [Cody, commenting on What To Make of the Museum Gardens Sale]