I recall, between roughly 2002 and 2005, seeing several houses and apartment buildings being built. I saw many sit empty for at least a good half year to a year.

Did anybody else see this happening?

If you didn't, please be honest:

Were you not watching for such a thing?
How do you rate your memory?

Might it have happened in some areas but not where you lived?

Or is it my memory that might be faulty?
Please, speak up. What do each of you recall?

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Capitalize on this good fortune, one word can bring you round ... changes.

16 views in 1 hours and no answers. I am asking for a serious reason. Please respond.

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Capitalize on this good fortune, one word can bring you round ... changes.

As I recall the big game during that era was to form a corporation,
get a lot of loans, cut big paychecks to yourself and friends,
and then the corporation went bankrupt...

Leaving things unfinished and tied up in legal red tape.

Around here it was usually housing developments with only a few homes
actually built. Roads and utilities to vacant lots.

So.. what is the question?

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Janice

During that time period IIRC the occupancy rate in the Puget Sound region was high, demand was high. Other parts of the country did not experience the relative growth we had.

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As I recall the big game during that era was to form a corporation,
get a lot of loans, cut big paychecks to yourself and friends,
and then the corporation went bankrupt...

Leaving things unfinished and tied up in legal red tape.

Around here it was usually housing developments with only a few homes
actually built. Roads and utilities to vacant lots.

So.. what is the question?

The point will be reached. The question is, where you live, did you see much built then go unoccupied at least 6 months to a year?

For the moment, I am looking for answers:

(1) Yes, I saw this occur.
(2) No, I did not see it, but I wasn't really looking for it.
(3) No. (As betreger said, in his area, demand was high.)

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Capitalize on this good fortune, one word can bring you round ... changes.

As I recall the big game during that era was to form a corporation,
get a lot of loans, cut big paychecks to yourself and friends,
and then the corporation went bankrupt...

Leaving things unfinished and tied up in legal red tape.

Around here it was usually housing developments with only a few homes
actually built. Roads and utilities to vacant lots.

So.. what is the question?

The point will be reached. The question is, where you live, did you see much built then go unoccupied at least 6 months to a year?

For the moment, I am looking for answers:

(1) Yes, I saw this occur.
(2) No, I did not see it, but I wasn't really looking for it.
(3) No. (As betreger said, in his area, demand was high.)

In NYC real estate is, umm, weird. I didn't notice anything special about the years 2002-2005, and I can't say I've noticed any residential buildings (or indeed office space) go unoccupied for any great length of time over the 17 years I've lived here.

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I think you'll find it's a bit more complicated than that ...

As I recall the big game during that era was to form a corporation,
get a lot of loans, cut big paychecks to yourself and friends,
and then the corporation went bankrupt...

Leaving things unfinished and tied up in legal red tape.

Around here it was usually housing developments with only a few homes
actually built. Roads and utilities to vacant lots.

So.. what is the question?

The point will be reached. The question is, where you live, did you see much built then go unoccupied at least 6 months to a year?

For the moment, I am looking for answers:

(1) Yes, I saw this occur.
(2) No, I did not see it, but I wasn't really looking for it.
(3) No. (As betreger said, in his area, demand was high.)

In NYC real estate is, umm, weird. I didn't notice anything special about the years 2002-2005, and I can't say I've noticed any residential buildings (or indeed office space) go unoccupied for any great length of time over the 17 years I've lived here.

Makes sense for the NYC area. It was pretty filled up far earlier.
Anybody else with observations, perhaps particularly if you were living in area not already very highly populated to begin with in 2000-2002?

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Capitalize on this good fortune, one word can bring you round ... changes.

Don't remember any, actually don't remember any new construction where I wandered. There had to be but not where I traveled which was well built up. I also wasn't looking.

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I didn't notice anything unusual, but what is special about that time period?

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The mind is a weird and mysterious place

If I get time, I'll explain later today why I was asking. Otherwise, I should get to it tomorrow.

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Capitalize on this good fortune, one word can bring you round ... changes.