I received an email today announcing that the Northern Nevada Builders Association had decided to cancel the 2008 Parade of Homes. Personally, given the state of the high-end market, I think it’s a wise choice: "After careful consideration, the Sales & Marketing Council (SMC) for the Builders Association of Northern Nevada has reluctantly decided to cancel the 2008 Parade of Homes and People’s Choice Awards competition. Given the precipitous drop in new home construction and the challenging business climate in which our builders, subcontractors, suppliers and associate members are being forced to deal with, it was felt that cancellation of the Parade until Spring 2009 was the most responsible choice for BANN and its members at this time."
Reno Ignoramus sent a great article about the Fannie-Freddie bailouts and what they mean to us.
Incline Jim sent a nice NY Times piece suggesting that the fall of IndyMac is just the beginning.
Anyone remember the movie Airplane?
Looks like I picked the wrong week to quit Reno… 😉