Feb 9, 2008 | 6:26 PM
Category:
Political
Since there was no need for 30%-50% of the houses built. The only ones that felt a need was local government and developers. Developers built new houses on farm land that need an entire system infrastructure. That is Water, sewer, roadways, and everything else that is in cities. The developers could not have built without the cities building permits. The federal government will raise and lower the prime interest rates to help with the economy if they see something coming, the local government should have seen this coming and slowed down on issuing building permits.