Wednesday, August 15, 2007

Bend is on Fire!

Well, yesterday Awbrey Butte was on fire and my shades were closed on my windows so I didn't even see it.
Turned out some guys were cutting rebar for another one of those big houses going up like grass on the hill.
They sparked it up and the garden hose just wasnt enough to stop it.
Here is some simple math....

+ =

Folks were rambling mentions of "too bad", rubbing their hands together thinking about what an effect of a burnt down butte would have on the cost of homes in the area.

On the housing price note, we noticed on our scan of houses for sale, there is a house on Fresca that just dropped its price to 380K, while adjacent homes are closer to 500k. Folks in the neighborhood might not be too happy.
Of course I noticed that there are homes in the 200K mark popping up again around here mostly in E. Bend, bringing it closer to prices from 3 years ago.
W. Bend should be following suit soon as folks can't carry the loans anymore.

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