Oh my god.
Why did I just now learn of this?
There is a place called The Shire of Bend, which is a community inspired by The Lord of the Rings. They make houses that look like hobbit holes.
Here, let them explain:
Anyway, they soon came to learn that the only people who would actually live in such a freakshow commune are Paultards, who have no money and prefer to live in their parents' basements where Cheetos flow like rivers of miruvor. Now, the developers are poors:
The rise and fall of Bend’s real estate economy has resulted in foreclosure proceedings against The Shire, a village-themed concept in southeast Bend patterned after J.R.R. Tolkien’s “Lord of the Rings” series.
A notice of default was recorded last week in the Deschutes County Clerk’s Office on the 31-lot development, which had a “Disneyland-like feel” according to one of its developers and was characterized by Old World housing styles and a fantasy setting.
The Shire concept originated with Ron Meyers, who sold his share in the development for an unspecified amount to Dr. Lynn B. McDonald — a former emergency room physician at St. Charles Bend. McDonald died July 7.
...Jan McDonald is trying to sell the 14 developed lots, one house and additional land before the 6-acre property goes to public auction in December, she said.
The family owes Umpqua Bank $3.4 million on the project, according to the default notice.
...“We wanted to create a community — not just another subdivision,” Meyers said.
One home has sold for $650,000 since the project broke ground in fall 2006.
While you have the time, before elitist banks seize all their assets...including their hobbit intertubes, do take a tour of the magical utopia that was never meant to be.
This is the greatest story of the week.
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