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I was going to post this in Housing Bubble section but as I was laughing I clicked Rant and Rave instead. Note this is not satire, see the Bend, Oregon Bulletin link below.
Bend Bulletin
Not so funny: A blogger in Bend says:
The rise and fall of Bend’s real estate economy has resulted in foreclosure proceedings against The Shire, a village-themed concept in southeast Bend patterned after J.R.R. Tolkien’s “Lord of the Rings” series.
A notice of default was recorded last week in the Deschutes County Clerk’s Office on the 31-lot development, which had a “Disneyland-like feel” according to one of its developers and was characterized by Old World housing styles and a fantasy setting.
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The project — whose features include unique stonework, artificial thatched roofs, terraced gardens and a network of streams and ponds with a pathway leading to what’s called “The Ring Bearer’s Court” — captured media attention outside Central Oregon, including a December 2006 feature on BBC Radio.
A notice of default was recorded last week in the Deschutes County Clerk’s Office on the 31-lot development, which had a “Disneyland-like feel” according to one of its developers and was characterized by Old World housing styles and a fantasy setting.
.
.
.
The project — whose features include unique stonework, artificial thatched roofs, terraced gardens and a network of streams and ponds with a pathway leading to what’s called “The Ring Bearer’s Court” — captured media attention outside Central Oregon, including a December 2006 feature on BBC Radio.
Not so funny: A blogger in Bend says:
In the past 30 days, Bend has lost four of its most prominent Developers to suicide.