A Real Estate Speculator Goes From Boom to Bust
In a county where one in 10 workers is employed in construction, twice the national average, the slump has taken its toll. Ron Vogt, an electrical contractor who often worked for Mr. Haupt, said his business had fallen to 15 percent of its former level, which in a good year did $700,000 worth of work. The 89 lots in Lincoln County have left what Mr. Haupt called a “ghost town” effect for the homeowners in the unfinished development.“I can see why they’re upset,” he said. “When they moved in, they thought the neighborhood was going to be built up.” Mr. Haupt now works for a company that sells bottled water and energy drinks, and drives an orange pickup truck covered with logos for Tahitian Noni water.
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