Friday, May 09, 2008

Going to Auction

I really didn't like this development.

THE TROUBLED real- estate market has taken its toll on the city's noble experiment in public-private housing that made neighbors of rich and poor in East Falls.

Eleven townhouses at Hilltop at Falls Ridge, privately built luxury units adjacent to a subsidized development built by the Philadelphia Housing Authority, are being auctioned next month.

Units that ranged in price from the mid $300,000s to the low $700,000s will be auctioned for minimum bids of $125,000 to $250,000, respectively.

While it was billed as "combining the best of urban and suburban living" or something like that, I'd say it did more combining of the worst than the best.