The economy will never recover if housing doesn’t find its footing first. But when will that happen? Cramer (of MadMoney) said he expects a bottom by the third quarter of 2009.
This is somewhat entertaining, but also very informative and I happen to agree with Cramer on a few major talking ponits! Although housing as an industry may bottom, specific neighborhoods and communities may rebound or show signs of recover sooner. In any case, you've gotta sit down and watch this video when you get 10 minutes!
http://www.cnbc.com/id/26406036
The communication towers that have topped "A Mountain" for more than 60 years soon will be moved to Tempe's tallest building.
Hayden Butte, also known as "A Mountain," looms over Sun Devil Stadium. For decades it had on its summit communication dishes and towers used by Tempe fire, police, city services and the Salt River Project. Phoenix has similar equipment atop South Mountain.
In 2005 when Avenue Communities principal Ken Losch was seeking permission from the Tempe City Council to build four high rise condominium buildings just off Mill Avenue in downtown Tempe, it was pointed out by city officials that the proposed structures would block communication signals from the equipment on the butte.
Losch got permission to go forward with his Centerpoint Condominiums project, but it was stipulated that he would allow the communication equipment to be moved to the top of the tallest of his buildings.
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