Mullan “pioneered the use of aerial surveys in subdivisions” according to his brief biography on the Smithsonian National Air and Space Museum. He moved several times before settling in Newport Beach, and once there, began shaping the landscape of semi-rural Orange County. Mullan didn’t just ...
Not exactly the bubble of the 2000s but this is certainly a market fueled by speculation and hot money. Throw in the Fed’s push for low interest rates via QE3 and you have local families levering up to compete with all these other groups. The result? Big jump...