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That's a shame. I live near Gary, Indiana and they need to do that with the old vacant homes. If they just did that much the city would look a WHOLE lot better.
That's a shame. I live near Gary, Indiana and they need to do that with the old vacant homes. If they just did that much the city would look a WHOLE lot better.
Hmm.. makes me wonder what they will do with the empty lots though.
We just drove by there an hour ago. there is still one house standing, and that one is parcially gone. Each place there was a house is a nice neat pile of debris.
When we went by, there was a pick-up there, and two guys were taking the plywood panels off of the roof. From the street you could see the electrical panel was missing. I'm betting there isn't much left of value after this length of time.
We didn't go in to look around, even though they are open and readily accessible. I'm sure the first cop who comes along will chasr those guys away. The bank would love it if one of those guys fell off the roof and sued them.
It's not just problems with the HOMES, it's the fact that the developer never completed site improvements, and without those improvements the homes will never be up to code:
He said the builder put up the homes before completing site improvements and failed to have enough money to finish roads, walls, and other improvements that bring the community into code.
The developer isn't going to put a million dollars into site improvements for four unfinished houses, even if the houses are worth something. There is an active salvage market for homes that have been damaged by fire, etc. - someone will come in and buy the wreck, then rebuild the structure and sell it. But that couldn't happen here because without the site improvements, i.e., the road leading to the homes, the homes can't be finished and sold.
Your tax money at work. This is happening in Victorville and Temecula. The banks doing this are using TARP funds, they are doing it for the same reason they are sitting on repo's and not putting them on the market, to manipulate the real estate market and keep prices artificially high. When are these crooks going to have to answer for the screwing they are giving the American people?
Your tax money at work. This is happening in Victorville and Temecula. The banks doing this are using TARP funds, they are doing it for the same reason they are sitting on repo's and not putting them on the market, to manipulate the real estate market and keep prices artificially high. When are these crooks going to have to answer for the screwing they are giving the American people?
How are they screwing people? If it's beyond whatever they would recover to
1) finish the unbuilt places (and remedy the fact that the exposed materials don't survive well in the open elements), 2) repair the extensive damage to the nearly-finished houses and 3) build the infrastructure required to sell them
why would anyone do it? It makes zero sense.
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