Is This The End Of The (Suburban) World As We Know It?

Notice to Residents of Victorville - "Your Home May be Worth Less Than Your SUV"

As a follow up to my last post this morning (Is This The End ExUrbia as We Know It?). I went back to check on some of the other "possible unfinished developments" that Guaranty Bank, (currently at 64 cents a share - GFG) or any other bank may own. I had to stop because my eyes and hands were tired from clicking. If you think this real estate thing is over, you may want to think again.

Someone borrowed money from Guaranty, or B of A, or Chase/WAMU to pull the building permits and get the heavy machinery to start construction. Somebody lent on the hundreds of empty pads that dot the high desert. I'll tell you one thing; the bank presidents - they aint living in Victorville.

See Zillow Graph (You may have to scroll down)

Los Angles Times - "Housing Crunch Becomes Literal in Victorville"

Each Pin Represents a New Development in Victorville; a city of 100,000


View Victorville Real Estate in a larger map