The Historic Teardown Syndrome

7 August 2004 - 9:00am

Increasingly, people are paying millions for beautiful, historic homes -- and then try to demolish them.

"It is a 14-bedroom, 13-bath, stucco-walled, neo-colonial mansion designed by George Washington Smith -- the architect who helped create the look of the beautiful city-by-the-sea, Santa Barbara, California... Preservationists call the home historic and important. Jobs, who bought the house about 20 years ago, has been trying to knock it down since 2001."

"In 2002, a modernist $2.45 million Palm Springs masterpiece by architect Richard Neutra, the Maslon House in Rancho Mirage, was destroyed less than 30 days after new owners took title."

Full Story: Ultimate teardowns
Source: CNNMoney, August 6, 2004
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No matter how one wanted to organize the ideal city, housing security would be part of it. No community can function effectively if large numbers of its residents are regularly displaced or perpetually at risk of being displaced.