I just got an email about 5 properties that are brand new and are part of a bank foreclosure sale. One of the most dangerous parts of buying a foreclosed home is that they are often suffering from “deferred maintenance.” Since these are brand new, they shouldn’t have as many possible issues.
What most people would immediately jump to is that the homes are pretty heavily discounted.
Fast forward to the last line of this post and you will see me swallow my foot…
Leading indicators v. Trailing indicators
I didn’t think Atlanta values would drop more than a couple of points… if that. Well… 20% later, and there is no way for me to spin it otherwise… I was wrong. I really thought that we wouldn’t see more than
It is gaining popularity among some in the political class. The idea is being floated to change the law and allow “cram-downs” on
But I’m not posting that today…
Instead I am going to talk about the Stimulus Bill and why it really isn’t a good idea for real estate…