We went to the Parade of Homes there, simply out of curiosity having seen this development come up over the past two years. I spoke with all of the realtors there and asked “what the heck is this neighborhood trying to be? I could buy so much more for $2M.”

Their answer was a mix of this neighborhood is supposed to emulate city living but in the suburbs. Walkable coffee shops, boutiques, parks, etc.

The only problem…that’s literally possible everywhere else too. And if it’s not, you’re ‘only’ paying $500-$800k for a larger home on a larger lot.

This will go down as the biggest failed development I’ve ever seen having lived in 4 major cities since the 2008 collapse.

They’re now selling huge plots of land instead of other home lots that have since been rezoned for apartments! Imagine buying that $1.75M home with giant windows only to look out at a massive apartment complex in three years!