woodjin said:Has anybody seen the development going in at Whiting by the 539/70 junction. My God!
woodjin said:Has anybody seen the development going in at Whiting by the 539/70 junction. My God!
Boyd said:Is that going to be a development too? I've been wondering about that. As soon as I see Chatsworth getting developed I'll have to think the Apocalypse is near....
TeeGate said:Chatsworth is being developed one house at a time. Have you noticed the amount of new homes on Savoy Blvd? They are back off the road so it does not seem so bad. It is inevitable that every piece of available land will be gone in 25 or so years.
Guy
TeeGate said:Have you noticed the amount of new homes on Savoy Blvd?
Boyd said:Haven't seen that yet...
The big development (near Eayrestown Rd) on Rt 70 in Medford seems to have finally been approved, according to a recent article in the Central Record. It's been tied up in court for years, I think the most recent issue was sewage disposal. Evidently it's been scaled back however. The original proposal was massive and had a big shopping center across the road. I believe Medford passed an ordinance against multiplex movie theatres a couple years ago to block that...
4WheelingBee said:It pisses me off to no end that "Big $$" is trying to gobble up every bit of land that they can get their filthy rotten (insert many curse words here) hands on.
• Oversupply may be a looming risk to prices -- housing starts at two million units per year are now outpacing new household formations of 1.6 million. Could the excess supply, David muses, reflect speculative buying?
• National Association of Realtors data show 23% of home sales in the past year were "investor" (read: speculative) based; another 13 were second property.
• A proxy for speculative buying, he reports, namely units sold but not yet started, are up 47%, year over year, a record high. Nearly one in four Americans polled in the University of Michigan Consumer Confidence survey believe that now is a good time to buy a home because it's a good investment and/or prices will continue to appreciate. That represents a 25-year high in bullishness.