There have been many articles recently regarding the local real estate slump, but not one has put an ounce of blame on overzealous developers who come in and bulldoze acres of land, slap up houses in a heartbeat, charge astronomical prices and then are never to be seen again.
While interest rates and difficulty securing bank loans are part of the problem, I believe that the consumer has finally come to his senses and realized that moving is just not worth it. Why should you sell your current home with the landscaping already in, window treatments up, walls painted and wallpapered, streets all paved, no construction trucks arriving at 6 a.m., to move to a new home and pay three times the price for cabinets, carpeting, flooring and appliances to find they are not what you originally ordered and they don't work; your "landscaping package" consists of micro shrubbery and half-dead sod; your driveway isn't paved; the streets aren't finished; construction people leave their garbage all over your yard, in your heating vents, under your carpet; the plumbing leaks continuously because it wasn't installed properly; you find your house was not built the same as the floor plan; you aren't "minutes" from the Beltway; the tot lots, tennis courts, basketball courts, soccer fields and recreation centers so beautifully designed and pictured in brochures are only a figment of the developer's imagination and may be completed some time in the next decade.
Now, tell me, if this is what you have to contend with when buying a new home, is there any doubt as to why the market's in a slump? Thank you, consumers, for once again ruling the marketplace. S. M. DUCHAK Centreville