Saturday, June 20, 2009
A Sign of the Times
For years, on my morning walks, I've passed this house (and the twin partly visable beside it) languishing on a busy street in an unfinished, unchanged and uninhabitable state. I can't imagine it was somebody's dream home, so unattractive, so boxy, so cheaply constructed, so poorly placed. I always wonder: was it part of a big, fast property investment scheme? Something that looked good on the spreadsheet for investors (all that was required of it)? Did it find it's way into the real estate portion of my mutual fund? Was it bundled into some derivative offering? And what will happen to it now?