We built some big houses and sub contracted parts of others. Doctors, lawyers and other highly paid professionals can easily afford houses like that. We built a 5500+ square foot house for a commercial insulating contractor. Not that there was a fortune to be made in insulating work. That guy made his fortune removing asbestos from schools. He's paying for it with health problems now.
A lot of people made a bunch of money in the stock market. Many cashed in and built big houses.
In the late 90's early 00's there were a lot of nice, mid size houses built in this area. I'm talking 1600-2400 SF. As often as not the buyers had two new cars....probably leased. MANY of those houses were put up for sale within 5 years. The owners cashed in on the inflated housing prices and got out from under the big house payments and sky rocketing real estate taxes.
New construction is still in the toilet here. Running about 10% of what it was prior to the crash.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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