- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Rog
We are just a bigger community that we were in the 60's - 80's when Walmart growth exploded and Tyson foods expanded. This same thing happened in the early 70's when I was laid off from a developer; in the late 70's when the interest rates crunched us...mid 80's when the S & L crisis came home to roost. We had a very mild downturn along about 95' hardly noticable..so for most local builders they have no memory of any of it. 40 yr old developers were 20 yr old when the last significant one hit...and the bulk of these carpenters turned developers thought the building would never stop...it stopped so suddenly a new name surfaces every week in the bankruptcies or a lawsuit or lien...Material Liens have pretty much more than doubled in the past 6 mo.
We are just a bigger community that we were in the 60's - 80's when Walmart growth exploded and Tyson foods expanded. This same thing happened in the early 70's when I was laid off from a developer; in the late 70's when the interest rates crunched us...mid 80's when the S & L crisis came home to roost. We had a very mild downturn along about 95' hardly noticable..so for most local builders they have no memory of any of it. 40 yr old developers were 20 yr old when the last significant one hit...and the bulk of these carpenters turned developers thought the building would never stop...it stopped so suddenly a new name surfaces every week in the bankruptcies or a lawsuit or lien...Material Liens have pretty much more than doubled in the past 6 mo.