I think he knows what he’s talking about
Alex Edelstein of Frothing Developer is on a tear about what he feels are inaccurate numbers of high rise condos under development being reported. And he should know — he’s the developer behind a bunch of those condos! It turns out that the Las Vegas Review Journal reported total condos being built as just high-rise condos. Oops!
Of course, as we learned in my last post, the County Assessor says there are 19,317 condos and other multi-family dwellings here. So the additional 12,479 units under development will make for quite a jump of inventory. Thankfully we still have a growing population; by the time those condos are done, we should have people waiting to move in.