Real estate bubble leads to sci-fi civic planning

If this doesn't prove that there's a massively overinflated real estate market bubble in the U.S., I don't know what will.

Apparently, completing 6.2 miles of the 710 freeway between Pasadena

and Long Beach would require buying so much money in overpriced

historic homes that digging a $2 billion underground freeway tunnel

beneath the swanky neighborhoods has surfaced as a viable option.

Let's repeat that: Building a $2 billion underground freeway is cheaper than buying a six-mile stretch of houses in Southern California! Yeah, that bubble is never going to burst.


Jay Garmon has a vast and terrifying knowledge of all things obscure, obtuse, and irrelevant. One day, he hopes to write science fiction, but for now he'll settle for something stranger -- amusing and abusing IT pros. Read his full profile. You can a...


'Course in the Bay Area we have the same new roads and very little maintenance on the existing ones.


I wonder is they every build that tunnel? If they haven't, I wonder if the decision would have been that same now. :) Peter

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