Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Wednesday, September 02, 2009
Cap Rate? What Cap Rate?
Welcome investors. $244,950. Yup, 19x annual rent (or 223x monthly). That is if you can rent them. Vacant for months and otice the recent rent drop on the sign. What is the seller smoking asking $250/sf?