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Excess Inventory
I drove past several new developments in the Ponchatoula area.  This is about 45 miles West of Slidell where I live.  I guess there were forty to fifty houses all together.  I believe only three didn't have for sale signs.  There were also some developments that only had roads and nothing else.  I blame the housing problem on the developers and the ones who loaned the money.  It is going to take a long time for this inventory to be bought by buyers. ... more

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