Sunday, March 23, 2008

Apres Greenspan, le deluge

Wall St. Journal:

The condominium market is about to get worse as many cities brace for a flood of new supply this year -- the result of construction started at the height of the housing boom.

More than 4,000 new units will be completed in both Atlanta and Phoenix by the end of the year. Developers in Miami and Fort Lauderdale, Fla., are readying nearly 10,000 total new units in a market already struggling with canyons of unsold condos. San Diego, another hard-hit region, will add 2,500 units, according to estimates provided by Reis Inc., a New York-based real-estate-research firm.

The deluge means bad news for developers

Some really deep thinking there, Sherlock. Maybe five years from now you'll think your way clear out to this...

Tuesday, March 4, 2008

Welcome to Taxpayer Funded Lifestyle, Blackie

Conrad Black traveled from his lavish Palm Beach mansion Monday to a Florida prison, where he will serve out his six-and-a-half year fraud sentence with white-collar criminals and drug dealers. CTV