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.
Not too hard to see what's up - they are trying to do a short sale and holding for the extra time has cost them more. Likely the bank won't take below a certain point.
Keeping an eye on Arrowhead area for a personal cabin. Running across quite a few flips where the flippers overvalue their contribution.
ReplyDeleteIf the numbers still work...I'm fine with it.
ReplyDeleteIf it hasn't sold, they're not working, right?
ReplyDeleteNot too hard to see what's up - they are trying to do a short sale and holding for the extra time has cost them more. Likely the bank won't take below a certain point.
ReplyDelete