A Parable of the Housing Bubble:
Over a year ago, someone bought up three or four single-family homes near our apartment.They got a zoning change through to allow them to build townhomes on the land.
They got a demolition permit.
A year ago, they knocked down the houses.
And now the place where several nice houses used to stand is ugly and empty
(except for some very nice flowers that survived the holocaust)
with a "For Sale" sign and apparently no buyers...
I got to thinking about this sort of thing when i saw this Calvin & Hobbes strip:
Posted on 05/03/2008
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Well at least they didn't bulldoze the entire area stripping it clean of all the vegetation like often happens. I've spent time chained to trees trying to stop that from happening. Unsuccessfully I might add. I'm not a tree hugger mind you but when they are talking about destroying an entire hill side...well that going too far.
My Trusted MOGs
The same thing is happening in England at the moment. Many people bought up houses for conversion and so on, making it harder to first-time buyers... Now, it's sort of panic!!! Still, you'll always find someone willing to buy/rent in London
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Perfect song for post - thanks!
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Generally, if i can't find a song that at least relates to something i want to post, i don'tpost it.
While no-one seems to be complaining about some of my wider-afield posts, this is a music-oriented site.
My Trusted MOGs
Real estate? Don't you mean unreal estate?