Housing boom, interrupted
Some are making lemonade from the housing bust’s lemons. The New York Times had an interesting story today on cities buying up foreclosed property to prevent blight from seeping into their towns. Boston, Minneapolis, San Diego and others are busy buying up land with public and private dollars, then redeveloping and flipping it.
On Morning Edition the story this morning was the “green lining” on the cloud of bad housing news. Nature and land trusts have taken advantage of falling prices and foreclosures to get good deals on properties or areas they plan to turn into open space and preserves, including a significant stretch of coastline on Oahu that will be turned into a wildlife preserve.
And, if you haven’t yet heard through the grapevine, two very non-serious new news sources have hit the Seattle media. One is about (supposedly) ugly condos, the other is Seattle’s own Onionesque fake news site, the Naked Loon that touches on development, politics and just how silly it is to be a Seattleite.
Tags: Seattle condos











