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(English) The Collateral Damage in This Housing War

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8 comentarios
  1. Carole Sanek
    Carole Sanek Dice:

    Here in Florida the latest thing is “someone” is hiring people to bash in the doors of “vacant” homes. First they drive by and take pictures to show when they are arrested and in court that the house is purportedly vacant. They are not. They get paid about $40 to do this to homes and there is an entire catalog of people to call to get the job done. Needless to say this is terrifying to the owners because the houses are not vacant – it is a strong-armed tactic to scare people already in foreclosure to move them out more quickly. I know what a vacant house can do to a neighborhood. I also know how my value has gone down because of short sales and foreclosure sales here over to 50% of original value. I would guess almost everyone in the country has been affected in one way or another by this. We have green algae filled swimming pools, we have homes with mold growing in them because the power is off, we have homes filled with termites and other wood destroying organisms – someone needs to make a decision and come to a solution – this is way out of control, and one of these days one of the $40 per door thugs could get shot – it’s that crazy.

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  2. Jim Paulson
    Jim Paulson Dice:

    It is very interesting that both segments of rentals have increased simultaneously. In the near absence of new construction in the past 2 years, that tells me that more and more people are sharing homes effectively turning single family residential into multifamily.

    If this is true, we have a lot of phantom families who will eventually move back into their own homes and help correct the problems, but first they probably need to get jobs or move up from the ranks of the underemployed.

    In Boise Idaho, I know of a number of people that have taken in renters or family members to help consolidate bills. I even heard of one couple that got divorced but still lives together since they can’t afford to separate.

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  3. Karen Turney
    Karen Turney Dice:

    I know that neighbors are upset when a foreclosure occurs, but what they dont know is that usually that owner tried to modify the loan and was rejected, tried to short sale, only to have the bank reject any offers and want to foreclose instead. It is better to let people stay in their home as long as possible to keep the neighborhood stable. Vacant homes show signs of fatigue very quickly in this 120 degree desert heat, floors crack or peel, bugs move in, mosquitos in green pools spread viruses and crime occurs. So if your neighbor lost their job and has to stop paying the mortgage, be grateful that they are still mowing the lawn and have the lights on at night.

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  4. Debbie Meiliken
    Debbie Meiliken Dice:

    Nothing is gained in war. Like any war this is scary!! Where will it end? I always tell my customers and friends, if you are thinking of selling, better to sell NOW. We are headed for some very uncertain times and with uncertainty comes reduced prices. Unless you can wait it out 5 years or more, better do it now, before you are looking at 5%, 10%…….20% less. How do you know when it will end?

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  5. Carl S
    Carl S Dice:

    @Debbie Meiliken – What do you tell the buyers? Sorry Steve, I couldn’t agree with you less on this one. The fault lies squarely with banks and the government. In fact, if you’ve been around as long as I have, this is the THIRD time in my lifetime that this has happened. The first, was in the early 80’s with interest rates going through the roof as a repercussion of the country coming off the gold standard in the 70’s, the 2nd was the seemingly now forgotten S&L scandal, due to deregulation, and now this, also due to deregulation. The common thread through all these scandals is they were all caused by conservative type policies. Yet here we are once again poised to elect the same know-nothings back into power. I think it was Mayer Amschel Rothschild that said, “Give me control of a nation’s money supply, and I care not who makes its laws.” Indeed. Yet you’re advocating that now that my entire life’s work has been destroyed by the ignorant, I should just shake hands with the crooks, take my lumps, and go home? I think not. I could write a book on this subject but I’m too busy trying to survive from month to month right now, so I’ll leave it at that . . .

    Carl S

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  6. Rod
    Rod Dice:

    Steve,
    As usual, your article is right on and the comments posted all make sense. I haven’t been bashing either side, but it sure does gall me when someone (either side) takes advantage. Case in point: someone has had their home on the foreclosure list for over a year. They brag about living “rent free” and state that no mortgage payments are being made. Lots of loud parties are held around the pool and they just bought a Corvette. That just really rubs me the wrong way, you know what I mean?

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