@DevBlazed you'd be suprised. Most of the owners paid so much for them that they'd lose money if anyone earning $80000 paid them the rent they could afford. That doesn't leave many people who can rent all these overpriced homes.
So the owners get in arrears, but the banks refuse to foreclose - preferring to make the owners pay HOA's and maintenance costs rather than having another property they can't sell
My heart goes out to people who are losing their homes. We are currently looking for a home to buy and when I view homes with children's rooms that still have touches of their lives it really affects me.
I also, know what it is like to be losing your home and have people to come through and look at your home. When the hitech boom dropped, we were headed for foreclosure and just sold our home in time.
A human tragedy to lose one's home. It does'nt finish there, the aftermath of possibly apportioning blame to others or even either spouse, loss of confidence, self esteem, and above all, complete financial loss, affecting any future plans to rehabiltate one's life. The final twist of the knife is when busloads of prospecting buyers tour around these areas of sorrow experiencing a smorgasborg of shattered lives.
Renters paradise!!
DevBlazed 2 years ago
@DevBlazed you'd be suprised. Most of the owners paid so much for them that they'd lose money if anyone earning $80000 paid them the rent they could afford. That doesn't leave many people who can rent all these overpriced homes.
So the owners get in arrears, but the banks refuse to foreclose - preferring to make the owners pay HOA's and maintenance costs rather than having another property they can't sell
neverfearchrisishere 1 year ago
Don't buy the forclosed homes, the bank are just trying to get rid of them for a reason.
booze1000 3 years ago
My heart goes out to people who are losing their homes. We are currently looking for a home to buy and when I view homes with children's rooms that still have touches of their lives it really affects me.
I also, know what it is like to be losing your home and have people to come through and look at your home. When the hitech boom dropped, we were headed for foreclosure and just sold our home in time.
beverlyzz 3 years ago
A human tragedy to lose one's home. It does'nt finish there, the aftermath of possibly apportioning blame to others or even either spouse, loss of confidence, self esteem, and above all, complete financial loss, affecting any future plans to rehabiltate one's life. The final twist of the knife is when busloads of prospecting buyers tour around these areas of sorrow experiencing a smorgasborg of shattered lives.
zskyhawk 3 years ago
What a disaster!
LetItFloat 3 years ago