section and your opportunity to weigh in and be heard. Send
us your thoughts and profundities. You can contact us here.
The housing bubble
is about to burst
Is anyone aware that there is a serious housing bubble that’s
about to burst?
The greedy developers here want to develop at the cost of the
pristine land and we already have a housing glut of unfilled
domiciles. The only problem is the overpriced costs of houses
and outrageous rents keep the average person from being able
to rent or buy. And they are debating about building more houses
that will never be filled. Only the self-centered developers
and realtors would benefit from such a disastrous continuation
of this build, build, build attitude.
The housing market is crashing, and no one wants to admit it.
Just a look at the real news will tell you this.
And when we look at things like what the IMF (International
Monetary Fund) is saying, this can be verified by a report which
says: “with low interest rates contributing to a continued
boom in house prices, which – after adjustment for inflation
– are about 30 percent above their previous peak, concerns
have been raised that the current stimulus has been achieved
at the risk of a future housing bust, which could have a serious
impact on consumption and growth.”
In it they also say: “even so, the elevated level of
housing prices is a potential risk, particularly if long-term
interest rates were to continue to rise sharply.”
What is coming out soon will cast more light on the housing
bubble that is about to burst. And then there is the real fact
that the dollar is being exchanged now on the foreign markets
for those currencies that are backed by gold.
If this city allows the continued urban sprawl and desecration
of the land to continue, there will be more unfilled over-priced
housing than ever both for sale, and for rent. The question
is, who will be able to afford it in a coming depression?
Is anyone awake out there?
– Rose King
Thanks for the hard look at Grandview
As a displaced fifth-generation Durangoan and as a journalist
of many years experience, I breathed a sigh of relief to see
the Durango Telegraph do that which most other media seem incapable:
a hard look at the Grandview proposal. (Cover story, Oct. 23-29)
I never cease to be amazed at the promotional nature of most
reporting on development—any development, no matter how
outrageous—in booming Southwest Colorado, which seems
to have mucked up growth as badly as any region I have seen
anywhere, with the tragedy compounded by what the area could
have been. I believe that failure is attributable, in large
measure, to the media having failed to hold officials’
feet to the fire.
There has been a way of doing business in Durango and La Plata
County for so long that most residents don’t realize that
other communities have progressed on to more democratic ways.
Residents were blindsided when Mercy Medical Center and the
Southern Utes unilaterally decided to move the only hospital
to an area remote from Durango and miles into a reasonably pristine
part of the county. They were blindsided by the announcement
of thousands of homes in a rural area. These were decisions
in which all residents should have been given input BEFORE the
decisions were made, and any number of “charettes”
do not compensate for the omission.
While I am delighted with Durango’s decision to slow
a process that will bring sprawl, high-density development,
congestion, pollution, wildlife impacts and traffic nightmares
to Grandview, I am baffled by Greg Hoch’s and the city’s
bias in favor of the development as indicated by his statement,
“...this does not mean the city does not support Mercy
Medical Center in its efforts to begin construction on the new
Planners and planning agencies should be independent administrators
who make sure all planning requirements are met, not advocates
for or against a development.
The removal of a hospital from a town and the construction
of thousands of homes in a mostly rural area in violation of
every tenet of common sense and good planning is a clear indication
that government, to a degree the residents of most communities
have put a stop to, is by and for the developers.
– Kathleene Parker,
Los Alamos, N.M,
PileUp: Wendy Miller takes
care of a little fall clutter in her yard near
East Seventh Avenue on Tuesday./Photo by Todd Newcomer.
Too much nosiness
Kudos, Mr. Silver.
I am a gentile with blond hair and blue eyes and a big nose
yet I applaud your position. It’s absurd to stereotype
ANYone in America. We are all descedents of other countries
and cultures, (except for the true Native Americans who are
exiled to small parcels of land that include only a pittance
of what they once owned).