Bonanza, Boom and Bust or Bubble

Bonanza, Boom and Bubble
(This poem will be published in book format at UrbanBooksDigitalPublishing)


Flushed with cash from the recent California's housing boom,
Two young entrepreneurs set out to maximize their wealth
Maricopa county home prices remain very attractive.
What not to like about the endless sun and lush golf resorts of
Phoenix and Scottsdale? Housing development became their new gold rush
They are the tech-savvy speculators who want to take advantage of low home prices
Most of the western states have become the epicenters of the housing boom
Wherever there once were fields of corn, cotton, alfalfa, orchards, and peach trees,
Neat rows of houses are built so fast to meet the demand

Long lines form on Centex, McMillin, DR Horton and other national builders' lots
For many, the drive to become homeowners is so strong that they are willing to
stand in line for hours or even camp overnight to be the next lottery number selected
for the next lot or the next subdivision. It is a matter of endurance, money, and lots of hope
Put $6000 down and expect to sell the unfinished home for $200, 000. Move onto the next lot!
Four bedrooms, 2 1/2 baths Mcmansions and mansionettes do not stay long on the market
A seller's market makes real estate agents, mortgage lenders and everybody else happy
Urbanites soon want to reconnect with the countryside. They want the new ranchettes loaded
With fruit trees, vines, stables and barns spread over the hundreds of acres


The housing boom drives homeowners and speculators crazy. "How long to keep a home?" they ask.
Others sell their homes in high-priced areas such as San Jose, Orange County and relocate
to the cheap and affordable San Joaquin Valley real estate. Others take their money to other states
The housing market is booming in Las Vegas, Atlanta, California, Florida, Texas and many spots in the Northeast
What goes up must come down. No good thing lasts for ever. Seize the moment while it lasts
The boom soon gives rise to discomfort. The bust or bubble is creeping its way into this housing paradise
Before the next sunset or before the closing of the next deal, the for-sale signs appear in many subdivisions
The homeowners who wanted to keep their houses feel compelled to sell out and relocate to a more stable area
The faces and texture of the volatile neighborhood continue to change. The builders continue to predict and hope
A return to the days when they were raking money in. Such is not an easy feast.
The housing bubble sets its grips and refuses to let go of all the encumbered monies and plans.

(This poem will be published in book format at UrbanBooksDigitalPublishing)