Housing Doom Housing Bubble Blog

A nation that forgets its past is doomed to repeat it. - Churchill

October 6th, 2007

Yes, I know the story….

I wasn’t going to mention it, but since half a dozen people have sent me the link-

An AP article by Adam Geller appeared in a number of publications yesterday.  The article was about the Villages in Queen Creek- a development of KB and Richmond American homes that has been hit hard by foreclosures.

Geller called me last month and asked me to recommend a neighborhood for him to look at.  M and I met him for lunch, then took the day and drove him out to Queen Creek and toured several neighborhoods.  We showed him the abandoned homes, the REOs,  and told him the history of the local boom and the bust.  So who did he quote?  Jay Butler and John Wake.

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October 6th, 2007
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