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Showing posts with the label Poor Investment Decisions (Apartment Overbuild)

Reddit | Sign of apartment overbuilding in Huntsville/Madison County, Alabama

Sign of apartment overbuilding in Huntsville/Madison County, Alabama It appears that Lofts At Dallas Mill have only been able to get less than 10 tenants to move in. What are your thoughts? Reference: www.reddit.com
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Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “ We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said ” Reference: www.al.com
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Alabama Citizens sharing concerns over busloads of migrants | Plenty of BS Excuses

Citizens sharing concerns over busloads of migrants HUNTSVILLE, Ala. (WAFF) - There is a video on social media that shows a busload of chicken plant workers being dropped off at the Athens Walmart. The video has lots of people asking lots of questions. “We just want answers of where are they coming from,” said Athens resident Amanda Schulte. “How are they getting here? Who’s setting them up? And when is it going to stop?” WAFF 48 checked with the company at the center of all these questions, Pilgrim’s Pride. Officials said the buses are carrying workers from Athens and Albertville to their plant in Russellville. “Recently, a new refugee program has incentivized immigrants to move to our communities,” Kitchens’ statement said. As for the busses, Kitchens said, “I have reached out to the poultry processing companies and have been assured the charter busses will no longer be running.” Reference: www.waff.com NOTE ADDED BY THIS SITE: Pilgrims Pride says they wont use chart...
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Alabama A&M releases statement after student was murdered

Three additional juveniles arrested in connection with event center shooting Alabama A&M University released the following statement regarding the murder of its students. “The Alabama A&M University Family mourns the recent death of Kaitlyn Jenkins, an AAMU student who was one of two, 20-year-old women killed during an off-campus birthday party event held over the weekend. Deepest condolences are... Reference: www.waff.com
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