More homes people can’t afford

Comments (4)

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1. disbelief says:

   February 20, 2008 at 10:48 am

   The article said that the developers would sue if the permit was denied because there was no code forbidding it.

   Kent County Levy Court just won a huge case in Superior Court for denying a permit even though there was not basis in the black letter law. The Court said that County planning was allowed to exercise common sense in addition to code. I guess up in New Castle, the County government felt they were short on common sense.

2. Pandora says:

   February 20, 2008 at 11:29 am

   Does anyone else think we are building future slums?

   I remember when the houses were built near the Christiana Mall and Bear area. They were the latest thing. Then new development sprouted up a few miles down the road, then more a few miles past them, and so on, and so on. Each new development impacted negatively on the previous one.

   And given the housing crisis… who the hell are we building for?

3. Dana says:

   February 20, 2008 at 4:01 pm

   Pandora opened up this box:

   And given the housing crisis… who the hell are we building for?

   Obviously the developers think that they’ll be able to make money; they may be wrong, but they may also be right.

   Housing downturns simply don’t last forever; we’ll recover from this one like we’ve recovered from others in the past. By the time they get through the permitting processes, the downturn may already be over.

4. disbelief says:

   February 20, 2008 at 4:07 pm

   Dana, when you’re paying the nut on huge developments that no one is buying its a bit difficult to go to the bank and get another commercial loan. And even Toll Brothers (the biggest in the US) doesn’t have the juice to buy now at a lower cost to get a jump on the end of the downturn.