Warning: This is a Common Sense Real Estate Investing Zone

A while back I wrote about Nashville not being symmetrical.

I got some criticism for that.

ParrotA while back I wrote about Nashville not being symmetrical.

 

I got some criticism for that. 

 

It’s okay.  I was a little ruffled, but none worse for the wear.

 

But my premise was based on some very less- than- tasteful expensive housing going up in my old neighborhood. 

 

Well, that was before we had frozen money.

Now, some of those Tudor McMansions and scrape-offs are just sitting there waiting for buyers. And it could be a long wait.

 

One development was  the center of controversy at a meeting I attended led by  our city councilman, who will remain unnamed.

 

I thought at the time some of my neighbors were being sold some “swamp water”, so to speak.

 

In fact, a few of them were in actual shock.

 

Now, two of those houses have been built.  But where are the other seven?

 

The built ones  are all by themselves on a large empty lot.  Hmmm.

 

Will this  project ever see completion?  

 

One thing  is for certain. That builder has really slowed down and so has  this wild  speculative [tag-tec]real estate[/tag-tec]  market. 

 

Now we can get down to the business of  true real estate investing , not pie in the sky craziness. 

 

And once all the [tag-self]speculators[/tag-self] have left  the market there will be plenty  of  good properties and investments  for the rest of us.

 

The Real Estate Bloggers have an intriguing post on this subject.  And I do agree with them.

 

Common sense did have to kick in at some point. 

 

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