 Share
|
« Previous Politics | Next Politics » |
Email
Print
|
In Defense of Urban Land Company
By
The other day I was complaining about Urban Land Company's habit of responding to their inability to sell units in their new condo "The Floridian" by increasing the volume of email they send out rather than lowering prices. Some research in my own inbox reveals, however, that that's not quite accurate -- an October 25, 2007 missive stated:
For the past several rounds of emails, the prices have in fact changed from what they were asking seven months ago. Now it's:
The giant increase in the Penthouse asking price perhaps reflects an effort to use framing effects to make the other units look like a good deal.
Studios from $244K
1 BRs from $345K
2 BRs from $444K
Penthouse from $450K
For the past several rounds of emails, the prices have in fact changed from what they were asking seven months ago. Now it's:
Studio from $244K
1 BRs from $301K
2 BRs from $442K
Penthouse from $625K
The giant increase in the Penthouse asking price perhaps reflects an effort to use framing effects to make the other units look like a good deal.
Join the Discussion
After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus