Wednesday, February 07, 2007

Had they only asked me

Exurbs hit hardest in housing slump

"I think it was easy for builders to think that there were real users in these fringe areas far from jobs and entertainment," he said. "In fact, we found that purchases in those areas over the last three years or so ... were speculators and not users."
Fascinating. But, do you think they will learn any lessons from this? Probably not.