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Originally posted by Pentothal
The problem is not that there is over supply.
The problem is that the houses are priced too high.
If you support a three year moritorium on mortgage payments then everyone should qualify for that program and not just those who are sitting at home watching TV, renegotiating thier mortgage, collecting unemployment and doing side jobs for cash.
Originally posted by mishigas
What is proposed is a method of protecting an asset and at the same time extending a helping hand to the less fortunate.
You obviously have a big problem with helping the less fortunate.
Originally posted by ldyserenity
reply to post by Freedom or Death
Hate to break it to you but it seems they're setting up to do just exactly what we here are saying they should do, however it isn't totally free, but it may as well be it's $100 down:
HUD HOMES $100 DOWN LISTINGS
Originally posted by Freedom or Death
Originally posted by Pentothal
The problem is not that there is over supply.
The problem is that the houses are priced too high.
They've already lost 50 - 75% of thier value in Arizona.
Bulldozers or Green De-Construction are the only two sensible solutions to the problem to keep house values droping to zero and having vagrants and welfare recipients moving in next door to you.
Arizona is looking like ground zero for what is comming to the rest of the country.
- Zero tolerance for drunk drivers
- Concealed carry of firearms without a permit
- Zero illegal alien presense
- Bulldozing vacant homes
RealtyTrac puts the current number of Phoenix metro area foreclosures and homes for sale at 116,000 and 93,000 of those are foreclosures.
Originally posted by mishigas
reply to post by Freedom or Death
RealtyTrac puts the current number of Phoenix metro area foreclosures and homes for sale at 116,000 and 93,000 of those are foreclosures.
Where did you get those numbers? I don't believe them. Realty Trac reports foreclosures for all of AZ at 16,097 for May, and 88,807 YTD.
That's for all of AZ.
www.realtytrac.com...
Originally posted by Freedom or Death
Originally posted by mishigas
What is proposed is a method of protecting an asset and at the same time extending a helping hand to the less fortunate.
You obviously have a big problem with helping the less fortunate.
And what would you do with these vacant homes?
Move in the destitute, hand them the house keys and say merry christmas?
That kind of thing doesn't create jobs. It wouldn't do much for house values either if you ask me.
But Green De-Construction or bulldozing the site will provide jobs.
How many vacant homes are there in your neighborhood mishigas?
[edit on 13-6-2010 by Freedom or Death]