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Tuesday, August 18, 2009

Comments

jeff

impact fees? really? are they in the here and now or back in 2006?

did you catch the NMBW article on home builder confidence? http://albuquerque.bizjournals.com/albuquerque/stories/2009/08/17/daily18.html?ed=2009-08-18&ana=e_du_pub

the money quote (in more ways than one):
“The question is what happens after that – whether there will be enough momentum to keep us moving toward a recovery, particularly in light of significant headwinds such as the severe credit crunch for housing production loans and inappropriate appraisal practices that are scuttling a quarter of all new-home sales.”

even home builders seem to get the problem is credit and appraisals.

btw, i've only ever worked on one project that was canned because of impact fees - and it was such a cheap and dumb development that it deserved to be shelved.

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