His comments on Asbury Park are right on. They just recently imploded a unfinished concrete skeleton low rise condo building originally started in 1980's to put up one of the mid rise larger condo projects he talks about. I doubt they will ever be completed.
None the less, single family homes still holding their value in most parts of the state. There will always be a divide between speculative investor properties and ones used as primary residencies especially in times of deep doodoo in housing market.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.