Despite the sharp jump in prices, August's data do not change the picture of a strong downward trend in the annual rate of house price inflation,

People were buying thinking they'd rent it out and make 15 or 20 percent appreciation, but now they're left with only the rental yield.

Every week there were stories in the paper about people making more on their property than going into the office.

What we're seeing now is the first signs of stress.

As I understand it, what (the requested zoning change) means is that you've got to have 10,000-square-feet of land for every residence that will go on this property.

That's why it's worked. Over the years, we've tweaked it and changed it. We tried to change it so that what was good for the Iron Horse was good for the community.