Posted in Building Mistakes, General on Nov 9th, 2007
Pardee Homes just made a really tough decision. Their Sacramento development has halted. Building crews have been let go and “deals made with only four buyers canceled” reports Jim Wasserman of The Sacramento Bee. The company has invested $200 million in the region and says it’s not shutting down for […]
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Posted in Building Mistakes on Oct 17th, 2007
Hank Paulson, the US Treasury Secretary, has just made some alarming comments on the housing crisis. He remarks “Let me be clear, despite strong economic fundamentals, the housing decline is still unfolding, and I view it as the most significant current risk to our economy,” and that “The longer housing prices remain stagnant […]
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I was disappointed to read an article titled “Developers helped build a bust.” According to Mara Der Hovanesian of BusinessWeek, many developers began selling mortgages as well. They ended up misrepresenting clients’ income to sell their homes at higher prices. This has ended up in virtual ghost towns as foreclosures soon became […]
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Posted in Building Mistakes, Remodeling on Aug 22nd, 2007
I was watching one of HGTV’s shows called Dream House or maybe Dream Home. The show is about a couple who are making a huge addition to an existing house. It looks like it will be a beautiful house when all is said and done. However, the couple is in way over […]
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