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Tag Archive 'housing crisis'

The Right Choice in a Wrong Situation

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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The Housing Crisis – a need for better planning

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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