Victorville Homes Demolished

by Dual Income No Kids on May 1, 2009 · 0 comments

Hi All,

This came across my radar screen this morning. As a sign of the times, one California bank is having to demolish its real estate developments. Evidently what happened was the bank funded a housing project in Victorville that couldn’t finish before the boom ended. They got left holding the bag, had to pay a number of fines to the city and took a $592,000 quarterly loss (1).

One just hopes this isn’t a trend.

Like DINKS? Subscribe!


Subscribe to get the latest DINKS Finance content by email.

Powered by ConvertKit

{ 0 comments… add one now }

Leave a Comment

This blog is kept spam free by WP-SpamFree.

Previous post:

Next post: