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Forget the pool. Forget the tennis courts, and even the golf course. Victory Lane is a new development outside of Savannah, Ga., that includes, in addition to the obligatory golf course and club house, a private 4.5-mile track for racing aficionados. Interestingly, the web site does list the exact address—only says that it’s at an “undisclosed location,” with directions available for serious inquiries. Is Dick Cheney the developer?
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.