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 [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.