Loft overload in Marina del Rey?

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How many brand-new lofts and condos is too many? San Diego knows the answer to that question; will Los Angeles find out? Blogger Sybil’s Star takes a stroll in Marina del Rey, takes along her digital camera, takes a bunch of pictures of new construction, and asks, ‘Another real estate disaster in the making?’

Our take: We should know the answer already from San Diego’s condo glut, but why can’t new construction condos simply be rented out if they don’t sell? And does renting constitute a disaster, or just a disappointment, to the builders and financers? We’re interested in your thoughts on that.

Thoughts? Comments? Any condos near you that suddenly took down the ‘for sale’ sign and put up the ‘luxury rentals available’ sign?
Photo Credit: http://sybilstar.blogspot.com