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3 comments.
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Wishing for bubbles
Arguably, the problem with this article and the comments from those interviewed is that it forecasts a return to those heady days of home sales. Of course, that's entirely unfeasible and, quite frankly, it should be. Selling 1,500 lots and more than 400 homes in a single year is astounding, but it's also not the norm. The problem with the housing industry, and many builders in general, is such astronomical numbers are being viewed as the new standard ... and that's not good for the economy, land use patterns, environmental impact, sustainable growth, market values, etc. and etc.
The peak year of 2005 is something we shouldn't desire to go back to, largely because it will mean we've reached this peak on another bubble that is bound to pop any day now.