>perceive to be a problem for people<
is not a problem for the 120 or so renters that are left that were hit with huge rent increases

Those "huge rent increases" are bringing HTB rents back to market prices. Check rentals at the Shipyard to see that even with "huge" increases, those left renting at HTB are still getting bargain rents. A 1b/1b 800 sq ft apt. with 9 ft ceilings and no views on a low floor at the Vanguard is renting for $2400/month starting price.

HTB - 2BR 1155sq.ft., cove view - low floor - $2830/month starting June 1

What are people's opinions, good or bad?

$2850 is a great rent for that apt. size and location.

Relative to the above rate, it's good.

Depends on what price other apartments are going for. It actually sounds pretty decent to me. HTB has lots of amenities other apartments in town don't have.

Quote:

Can you say when all the new apts right nextdoor to you come on line, your old unit will actually go below that 20% you think you made. Everyone will buy the new units before yours. Your stuck there at even for atleast 5 years if you rlucky.

You think the new apartments are going to go up and sell for the same amount that the old apartments are going for? No - they will be more expensive.

The new apartments will also not be loft apartments. Developers tend not to build from scratch loft apartments - it's not cost effective for them.

Insiders who didn't buy DID make a mistake. That's why they are desperately trying to save face, scraping up any bit of information that doesn't even apply to HTB and trying to make it seem like HTB is sinking, when it is clearly not.

I also don't get why some people are so eager to see other people lose money. Ever stop and think how nasty it is to wish misfortune on others? You've got to be seriously jealous to sink this low.

Insider price on 1100sf 2bd facing washington HTB was 600k. Don't tell me no because I still live here. I did not buy because with all the new units coming on and the market tanks, Toll can sell a comp apartment for the same amount or lower if they have to. Maybe it's at 675kish right now, whoppie. Ihaven't seen one like that trade at that though.

People will pay more for the new apartments and choose those first. factor in 3+ years of constant construction, not worth it to me. Moving to LT and love the area. HTB has been nice, but if you don't have a view,the drafty windows, 375.00 heating bills,your car getting abused in the lot, not able to take a hot shower, ect you can keep your 75k paper profit in an run down shoody built building. If you live here like I have for 4 years, you know it's true. I know my next door neighbors extremely well, never really met them but I've heard about their whole life for the last 4 years through the walls. Not all bad,she's talker in bed.

Boy, you sound bitter! Let me just say that your situation is unique to you.

I have also been living at HTB almost since the beginning. I do not have drafty windows, my PSE&G; bills are usually under $100/month, and I've never had a problem with hot water.

People will pay more for new apartments? That's an arrogant statement. Where will they get the money if they can't afford it? Rob a bank? People buy what they can afford. HTB might be as good as they can get.