Developers Lend a Hand

SOLARIA A 64-unit building in Riverdale developed by Arc Development, with prices that range from $900,000 to $2 million, the Solaria has three programs: […] and education credits, whereby Arc will offer a one-time $30,000 credit to buyers who have children in private school or an adult who is working toward a graduate degree.

Housing prices are down 30% to 40% nationwide (10% to 15% locally), banks won’t finance purchases in developments that are less 75% sold, and these guys are offering a 1.5% discount to graduate students? Reality-based pricing might be a better place to start.