By the way, I don't agree with everything the author of Financial Armageddon writes, far from it. A lot of what he writes concerning the finer points of finance is also over my head. Nonetheless, you'll usually find something interesting over there.
Hedlund says his forecasts for 2010 include the possibility that the year could be worse than 2009.
"In the meantime, communities may have trouble maintaining the infrastructure on unused land," he added. "Eventually, many lots will have to be bulldozed."
Friday, August 14, 2009
Quick Link: Suburb Developers Take A Hit
Over at the Financial Armageddon blog, the author has put up an interesting post about the fate of suburb developers during this recession. The results shouldn't be surprising for anyone who has followed this recession, but it makes for an entertaining read nonetheless. One quick quote from the end of the article he references in the blog post: