2009-04-23minyanville.com

"Travel to the outskirts of Phoenix, California's inland empire -- or even suburban Washington, DC -- and you'll find scores of vacant homes, for-sale signs, and soon-to-be ghost towns. Sprawling Lennar (LEN) cookie-cutter developments, Pulte Home (PHM) condos jammed against freeway sound barriers, mostly vacant strip malls - these are not the relics of dynamic social progress."



Comments:

taps65 at 13:54 2009-04-24 said:
Why is there a LAND RUSH in the Antelope Valley? Forget the current cyclical housing “down turns”, housing “busts”, mortgage “crisis”, etc. Recently, I have been involved in purchasing more than 30 parcels of land in the Antelope Valley. Not one seller was selling for fear of falling prices. All were demanding increases in prices and getting them from us, private developers and other companies involved in land banking. WHY ARE LAND VALUES NOT DECLINING IN ANTELOPE VALLEY?

Coming next door to you. Permalink

add a comment | go to forum thread