Shea Homes halts development in Santa Clara, Mountain View – Silicon Valley / San Jose Business Journal:
Shea purchased both sites about two years ago when condo sales were still strong and the local economy was generating jobs.Shea’s project manager for the developments could not be reached but a message on the company’s Web site states there is a “temporary construction hold” on the projects. It cites current market conditions as the reason the developer has decided to hold off on any further development.
Are they f’ing kidding me? The local economy isn’t generating jobs? Hello, Apple/Google/Facebook are still hiring like crazy. Even Yahoo is hiring (srsly). Most of the In-n-out’s are hiring too.
I don’t know what evil nefarious agenda Shea Homes has, but clearly they hate the Real Bay Area and are acting as economic terrorists. A cynic would have to wonder if they’re doing this to get concessions from the City of Mountain View.
A non-strong local economy. A local economy that isn’t generating jobs. Pfh. Shea Homes is probably just jealous that they’re not a Web 2.0 company, or one focused on Mobile GPS UGC SOA. Haters.
That said, they are doing the right thing. Do we really need more homes in Mountain View? If anything, they should be tearing down homes. They should be taxing renters to buy out existing homeowners, and tear those houses down. Do we really want Mountain View to be Condo View? Good grief.
Thanks to Burbed reader Pralay for the find.