A 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 real estate  market. 

 

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

 

And once all the speculators 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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