(To read more on the multifamily market, click here.)

SAN DIEGO-Many condo projects that investors had excitedly buzzed about for months are being re-thought or completely scrapped now that the craze is over; however, those onboard the luxury “crazy” train have managed to maintain their enthusiasm.

This is because the high sticker price and plethora of amenities involved with luxury condos mean that they don’t attract the average buyer.

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