A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.
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Don't Go Swimming Where the Water's Green
Posted on August 01, 2008
The Los Angeles Times describes how the decline of the housing bubble is affecting the upscale town of Temecula, California. The swimming pools of abandoned McMansions are becoming breeding grounds for disease. Neighbors of abandoned homes sometimes use green spray paint on dead grass to make it look alive.Atop onion fields and grazing pastures, they've built a parade of 4,000- and 5,000-square-foot houses palaces, many of them, with turrets and faux backyard grottoes, with six-car garages and children's playrooms larger than the average Manhattan apartment....Today, said Rich Johnston, Teme...
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