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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (86100)8/19/2007 4:28:05 PM
From: Lizzie Tudor of 306849
 
same story here on the new developments. They are way out there in the outlying areas. For a while Lennar was listing its Stockton developments under the "SF bay area" - hah what a joke.

I think these new developments out in the middle of nowhere are like the "pets.com" of this cycle. Yes they are homes but worth what exactly?

I'm not sure what those will do to the desirable area as far as pulling down the median though. Hard to say.
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