Articles for July 10th, 2009
Dallas Expats’ Petition For President Obama, Tell Us What’s Happening In Honduras
DallasDirt has learned there is a legion of Dallas movers and shakers down in Honduras investing in real estate, building homes and resorts, all living the good life. That is, they were until their government failed, they say, to support what they are calling the legal removal of President Manuel Zelaya. This Opinion piece (called “Honduras’ non-coup”) from the LA Times, by Honduran native Miguel Estrada, who was a member of the official U.S. delegation to President Zelaya’s 2006 inauguration, sheds much light on the subject. (One reason why our government may have reacted so is that Honduras lived under decades of military rule.) Estrada’s opinion, along with the email from Grapevine resident Jim Dunn, who is working for The Meridian at Lighthouse Point in Roatan, is very enlightening. Jim has also send me this on-line petition signed by, he says, more than ten thousand people.
On Monday, I’ll have more on this and, possibly, interviews with some of the major players who tell me why they are down there: Honduras is what Santa Fe was in the 1970’s, what Costa Rica was five years ago. Stay tuned!
SOLD! Saturday Estate Sale At D Home Of The Week House: Free Margarita If You Say “DallasDirt”
Remember our princess on Princess? Seems her prince has swept her off her feet — signed on the dotted. The current owners of 3757 Princess must clear out and tell me they plan a huge “gay-rage” sale tomorrow (that’s July 11) from 7:30 a.m. to 2:00 p.m.
And if anybody mentions the word “Dallas Dirt”, a margarita may magically appear in their hot July hands.
Joel Kotkin Asks: Did Homeowners Cause The Great Recession?
“Energy Secretary Steven Chu recently praised the notion of small apartments with numerous people. “You know, body heat keeps a lot of the apartment warm,” he suggested. You can’t do this in a big apartment with a few people.”
Two years ago this spring I was up at the Studio Movie Grill in Addison, bright and early in the morning. Dr. Mark Dotzour from Texas A&M was presenting a solid argument for the amazing growth we were going to see in Texas. I remember my jaw dropping when I saw projected growth for southwest Fort Worth. Dotzour said D/FW would just explode in growth, we were seven million strong, a figure etched in my brain (amazing, so little manages to stick in there) probably because of a TV commercial when I was growing up. “Chicago: 7 million people call you home.” I came away thinking wow, I live in a place as big as the one I grew up in.
But I also came away troubled by what someone had told me at that meeting. The woman I sat next to was a mortgage broker, and she told me that all hell was about to break loose. How so, I asked, twitching for my notebook. You’ll see, she said. I can’t tell you too much but we are doing some things we should not be doing.
Like making too many bad loans? (more…)
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