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Shocker: Oakland Condos Not Turning a Profit

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Condo developers in Oakland are biting their nails even more than usual. Average home prices in Alameda County fell 29 percent last year -- add that to current construction costs, and planned projects are set to tank. But on the other side of the bay, condos are still going like hotcakes from SoMA to the Mission. Gentrifitastic!. [SF Business Times]