Quote:
Originally Posted by TheDoc
Crazy how some areas are hit so hard and others are hardly hit at all, if at all.
I think we over built, simply built more freakin houses than people are able to buy. Add in a drop of the eco/job market, and you get houses people can't afford anymore, and the cycle gets worse.
But really it means nothing... so we over built, some areas got hit harder than others - if anything it helped correct the market.
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With my hometown I don't think it was so much that we overbuilt, but instead that everything was new - all new loans, all crappy loans. When everything went down hill, first to go was the crappy loans... Which was most of the loans in my new community here.