More Condos becoming Rentals

I received this article on Friday morning and I thought it would be germaine to the discussions concerning Ponte Vista.

Mr. Bisno and the DEIR use population figures based on owner-occupied, high rise condominiums based on the 2000 census.

How might the population of Ponte Vista be affected if a large number of condos are not occupied by their owners? Why didn't the DEIR have alternative figures based on that possible outcome?

Here is the link. http://www.nytimes.com/2007/01/16/realestate/16rentals.html

It is also interesting to note that the project in Newport Beach that most represents the illustrations and ideas proposed by Mr. Bisno at Ponte Vista is an apartment development and not owner occupied housing.