The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (5519)	9/22/2002 6:27:26 PM
From: GraceZ	Read Replies (2) of 306849

Yup, this is going on where I live. The thing that really got to me is about two years ago a group of homeowners just north of me whose new development was placed right next to a Dairy farm (that had been there over 100 years) got together to complain about the smell and the farm equipment. It makes me crazy. You don't move next to a farm and then complain about it being there. The falling prices that farmers can get for their wares is also driving them out. When you are losing money every single year and some developer comes along and offers you more money than you've ever seen.....its hard to hang onto the farm. I know my neighbor used to go out and hay a bunch of fields for feed for his cows and now he has to buy hay because they no longer exist. We do have an agricultural preserve that the farmers can get some money from if they promise to keep the land as farmland, but its no where near as much money as they get from the developers. When I get together with my neighbors, a lot of the talk is about how many houses "they" want to put on such and such property. About ten miles down the interstate towards the city, in the heart of horse country, where many of the wealthy decided to build their country estates, a group of the local big wigs pooled resources and bought up all the existing farms (most of which were owned by one family) so that they could keep them from being developed. They put deed restrictions on the land or sold into the preserve so that some developer couldn't put in a big tract of low rent (under a million) houses next to their chateau. They don't seem to mind beaten down barns and old farm houses, but don't put any Ryland Homes in there....or heaven forbid, townhouses. Of course this has had the effect of pushing the developers further north to my neighborhood. The only thing that saves me is that we are a major watershed. All the drinking water for the region originates here so there is a vested interest in having the area remain under developed and rural.

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