LETTER TO THE EDITOR: Property values being undermined

Published: Tuesday, January 29, 2013 at 06:02 PM.

I have lived in Crestview for five years and have watched a disturbing trend: new home developers tearing down existing lots or dividing acres to put up another house or housing development. 

For what? 

The (7th Special Forces Group) is already in place, so who are they selling to?

Meanwhile, I have witnessed several houses in my subdivision on the market for a long time or foreclosed upon, or at some process in between.

Do we really need to build more houses in our area? 

The amount of currently built houses available, according to open source websites, is numerous, but more and more, I am seeing new homes being built, only to stand empty — or worse, be vacated after a new buyer walks away from the home because the reality of the situation becomes apparent. 

It would be more comforting if homebuilders would buy existing houses and "flip" them to sell. 

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