Lost episode of the Deflation Land

Going through some old photos, looking for a shot I took of the old Denny's at Market St. and 15th Ave NW in Ballard (Seattle), I stumbled across a series documenting when Crown Hill was overrun with placards for some nasty townhouses near Bitter Lake.

 

I think the developer liquidated the remaining inventory by promoting them with FHA guaranteed mortgages.  For a while, FHA was the entire RE market.

When your neighborhood is overrun with crap townhouse ads ...

Go out, gather them up ...

Take them to the dumpster ...

And send them on their way.