HAVE you ever lived near a teardown in progress? Has it ever been your daily fate to deal with noise, smells, dirt and construction crews right next door — only to behold, after endless months, a space-hogging “mansionization” in place of the petite Cape Cod you used to find so sweet? The Heart of Teardown Country
If not, your turn may come sooner than you think. Despite the overall problems troubling the nation’s real estate market, the New York metropolitan region has now surpassed Chicago, the former record holder, to become the teardown capital of the United States, according to a recent report by the National Trust for Historic Preservation, which has been tracking the phenomenon since 2002.
Photo from NY Times
1 comment:
Wait until the final stages
of the sub prime economic collapse
are complete.....
that financial experts
have been gritting their teeth over
in grave expectation.
Many pompous owners
of these space hogging Mc Mansions
may have to ultimately sell them off
after they lose their well paying jobs
and can't keep up with the astronomical heating/cooling bills etc.
Who knows...
they might wind up being converted
into boarding houses or multi family units....
just like the larger Victorian homes were
during the great depression of the 1930s.
This kind of financial balloon
can't stay aloft forever.
Make sure that your "boat"
is properly caulked and sealed.....
prepared for troubled waters !
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