Condo gloom is everywhere, some projects are stopping half-completed, some are shrinking, some are turning into rentals, and then there are the incentives. Developers have been using all sorts of lures to get people into condos including price cuts, appliance and decor upgrades and even free bikes and cars. A new technique comes out of Portland, Oregon. The developer of the
Atwater Place condominiums thinks you'll be more eager to buy if you can just sleep in it over night. The ninth floor display unit is
accepting potential buyers as overnight guests, hoping they'll rise in the morning, look at the Willamette river views and make coffee in the new kitchen and decide to sign the contract. The Atwater tower is 30 percent sold and sells condos from
just under $300,000 to over $1 million, pretty steep for Portland.
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Reader Comments (Page 1 of 1)
willzville Dec 13th 2008 4:29PM
This is a great idea. Every time I sleep overnight at a new place, its always either much better than I originally thought or doesn't live up to expectations.
I think these guys realize that buying a new home is actually like buying a new lifestyle. They're basically letting you test drive a lifestyle before you commit.
jim Dec 13th 2008 4:58PM
This condo is built on a former toxic waste dump and is a long way from any of the nice services in Portland. I wouldn't live there for free.
eviltwin Dec 15th 2008 12:05PM
Good one Jim. This is absolutely not true. It was a shipyard. Do your research bro.
goodtwin Dec 15th 2008 12:12PM
Jim, get a clue. Like they'd really put a toxic waste dump near the river. Obviously Jim lives in the John Ross and is trying to divert potential buyers to invest in his building instead. Fool.
Jack Dec 15th 2008 12:13PM
Eviltwin is correct. The Atwater is in south waterfront and is walking distance to downtown, and was never anything more than shipyards. Jim must be thinking about Linnton, which is in a completely different area, nowhere near here. Not even close.