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The good news about the credit crisis

Original post made by Hal Bailey, another community, on Apr 14, 2008

Dear neighbors,

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Posted by Gerry Taylor
a resident of another community
on Apr 15, 2008 at 7:25 am

Posted with the permission of the author

Dear Mr. Bailey,

Our credit crisis has eliminated a large pool of home buyers but has not reduced the need for housing. Quite opposite, housing for lease or rental is in demand because home purchases are seen as negative investments for at least the next three years.

Your concept of integrating work areas into residential areas is an important concept that needs to be taken to integration of technology centers, commercial facilities, retail centers and high-density housing in our areas and served by rapid public transportation.

At present, few of the cities in our region support such integration and only progressive governments such as Walnut Creek see the eventual reality of these concepts. Regional governments still imagine nothing has changed in the nature of residential real estate values and the plan is still more housing and commuting.

Gerald, CIBRE

Posted as received at