Building the Perfect Beast?

The Wall Street Journal has a good short article on defaulting construction loans. Why you care is because defaulting construction loans make lenders less likely to lend, and stopping up the market instead of fluidity makes your stock portfolio under perform. The other part of the story here that you care about is that construction means jobs, and even if you aren't a part of that sector, you need all portions of the economy doing reasonably well so that people have money in their pockets and bank accounts to look toward the future. What we'd love to see, and what would be most useful to you, is for the Wall Street Journal to take the next step and do this story but in a market by market analysis. We'd love to see San Francisco compared to Washington, DC - so on, and so forth. Until then, check out Lingling Wei's article "After Mortgages, Construction Crisis May be Building". (Wei's editor gets a nod for the headline).