Ron Meyers might be a bigger Tolkien fan that Peter Jackson. Mr. Meyers built his own Shire in the form of a housing development and not in New Zealand but Bend, Oregon. Only one home, complete with its own hobbit hole, has been sold in the Shire-themed neighborhood--for $650,000 and to one of the designers of the project--since the community broke ground in 2006. Now facing default, Mr. Meyers expects the bank to whom ownership has reverted will discount heavily. A hobbit house of your very own for cheap? Precious. Via.