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Cordova Hills approval sets up another housing bubble

Published: Wednesday, Jan. 30, 2013 - 11:01 am
Last Modified: Wednesday, Jan. 30, 2013 - 11:31 am

Re "Supervisors OK 2,700-acre plan at Cordova Hills" (Page A1, Jan. 30): Thank you, Sacramento County for approving the Cordova Hills development. This is fantastic, planting the seeds for another housing bubble and thousands of unwanted new homes on the market. The only way to sell homes when there are no qualified buyers is to find unqualified buyers, and we know what happened last time.

Come on, don't say it's not going to happen. Greed has not gone away. Developers, real estate agents, banks and county workers all share a piece of the pie -- too good to resist. And the beauty of it is that by my calculations the bubble will just be starting to peak around the time that I plan on selling my home and moving out of the state.

-- Martin Rowland, Granite Bay

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