04-16-2006, 07:07 PM
Aloha,
Your research is sound...did you go back far enough to see a couple cycles of boom and bust over the last couple decades?
This has been a bigger boom in raw numbers than the previous one, to be sure.
Hard to tell how busted the bust will be or how long coming, as there's more of what my debt-broker uncle calls "stupid money" floating around, and a fair bit of it has come here in the past several years.
I can tell you empirically that HPP at least is well overbuilt with spec homes. They're not moving and prices will have to start dropping. Hasn't been an unbuilt lot closing since January, according to a spam letter from some realtor wanting to sell my lot for me.
hi ho,
John S.
Your research is sound...did you go back far enough to see a couple cycles of boom and bust over the last couple decades?
This has been a bigger boom in raw numbers than the previous one, to be sure.
Hard to tell how busted the bust will be or how long coming, as there's more of what my debt-broker uncle calls "stupid money" floating around, and a fair bit of it has come here in the past several years.
I can tell you empirically that HPP at least is well overbuilt with spec homes. They're not moving and prices will have to start dropping. Hasn't been an unbuilt lot closing since January, according to a spam letter from some realtor wanting to sell my lot for me.
hi ho,
John S.