To lower the heat, I'll concede that each building's developer is reacting to market forces by lowering the prices of the remaining units. Market to owners who just saw their comps drop:
Or, more likely, je m'en fiche!
Let's kick it up a notch. The Metropole of "drop. dead. sexy... residents" fame is about a year late in delivering its units. I know many units were sold pre-construction back in 2005. Now that the developer's missed the market and the market says condos are worth less [see the Sonata and Fennessy Lofts], has s/he adjusted prices? If I had put money down in 2005, should I expect the Metropolis Development company to send me a letter telling me that they've adjusted my contract price downwards by, let's say, 10%? Is unit #222, which I've always lusted for, finally in my price range [and I'm not talking a range that can accommodate 6 zeros to the left of the decimal point]? Does anyone know?