vacant houses for 10+ years.....why?
Thread Starter
Joined: Oct 2000
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From: Nashville
^ did the builder actually broker the loan or was it a mortgage broker / bank that did it...? Of course any borrower with any brains can figure out that they cannot possibly afford a $425k house making $50k a year....
lots of people to blame....
lots of people to blame....
Joined: Oct 2003
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From: MAHT-O-MEDI
Builder brokered the loan.
The lumber yard guy was nice but not very sophisticated from a financial standpoint. The house that just emptied had recent Hmong immigrants who barely spoke english. I see another house across the street loading a trailer with stuff as we speak..........
The $425k house has been for sale for $325k for a month now with no takers. If they will take $200k for it I will buy and hold..........
Its two freaking years old and if you finished the basement its near 5000 sqft with a three car garage on a wooded lot 15 minutes from downtown.
The lumber yard guy was nice but not very sophisticated from a financial standpoint. The house that just emptied had recent Hmong immigrants who barely spoke english. I see another house across the street loading a trailer with stuff as we speak..........
The $425k house has been for sale for $325k for a month now with no takers. If they will take $200k for it I will buy and hold..........
Its two freaking years old and if you finished the basement its near 5000 sqft with a three car garage on a wooded lot 15 minutes from downtown.
Joined: Mar 2002
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From: Doh!!
Originally Posted by Scot,Jul 5 2008, 02:17 PM
a house 2 behind mine was built 5 months after mine in 1998... it is a nice 4 bedroom, 2.5 bath house... 2 car garage, full basement, etc..... no one has ever lived in it... she built it for her and her parents... then the dad died and no one has ever moved in.... it is full of boxes but no people.....
another house is even older..it is 5 miles from here.. it is close to 20 years old and never had anyone living in it... it still has the stickers on the windows.... doh!!!
think of the rent $ they missed out on... 10 years @ $1000 a month (which is low for how nice either house is) = $120,000 cash money... ahaha..
another house is even older..it is 5 miles from here.. it is close to 20 years old and never had anyone living in it... it still has the stickers on the windows.... doh!!!
think of the rent $ they missed out on... 10 years @ $1000 a month (which is low for how nice either house is) = $120,000 cash money... ahaha..
Joined: May 2001
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From: Nowhere
Originally Posted by vader1,Jul 7 2008, 09:10 AM
What the hell is wrong with these builders? It was a LARGE national builder that had homes in lower price ranges they could have tried to sell these people but instead they put them into big houses with big morts they could not afford and now I have two empty houses with crap lawns on either side.
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From: Chandler, AZ
Originally Posted by S2020,Jul 7 2008, 10:49 AM
Maybe b/c no one would want to live in a neighborhood with some guy who is a stalker.