And you thought America's housing bubble was bad...
While Madison has to resort to quasi-socialism to get houses built in the Silver Creek development, at least we're building something. Over in Ireland, one economist predicts that house prices may drop 80%. Economist Morgan Kelly also contends that after a decade of financial risk-taking, Ireland will see more house demolition that construction.
Uff da—so much for the luck of the Irish.
Another housing note: The Mitchell Republic's Seth Tupper argues the mortgage meltdown may be hitting South Dakota harder than some popular yet incomplete data suggests. Is reality about to take another whack at the smiley "everything is fine" boosterism of the Mike Rounds/Russ Olson wing of the SDGOP?
Citizens get involved with a redevelopment project and everybody has a cow - It was one of the biggest Public Input involvement the city council has ever seen when the Oakview neighborhood showed up ahead of the approval of the Lace...
10 hours ago