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Old 05-07-2014, 05:20 AM   #147
secondcurve
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Default Now is the Time

My concern with the Weirs is that it has gotten steadily worse during a time when the economy has gradually improved while interest rates have remained historically low. In short, the past several years have been a good time to buy real estate, finance development projects, etc. Banks are lending and local tax receipts have trended up based upon a slow improvement in the economy. What happens if/when we hit another recession? The Weirs has suffered during a time when it should have been getting gradually better. Now is the time to do something and turn this once great area around. If it isn't done soon, it is quite possible the situation could get much, much worse when economic conditions falter.
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